Enough already! How are homeowners supposed to afford this?
Interest rates did not go up again this month, but many are wondering how long this will last.
An in-depth analysis of sales data in key Toronto neighboorhoods before and after the interest rate increases
The recently released federal budget has addressed several housing issues that have been plaguing Canadians from coast to coast. Here’s a summary of the initiatives intended to make owning a house in Canada more accessible and affordable: 1. Budget 2022 proposes to introduce the Tax-Free First Home Savings Account that would give prospective first-time home…
There was a time that investors wouldn’t dream of buying an income property unless it was a five cap. Nowadays that number can drop to under three. My clients who buy duplexes and triplexes for investment only (not to live in), often ask me what is an acceptable cap rate in the City of Toronto…
Relevant duplex, triplex, and multiplex sales from the past 90 days
Cap rates in the GTA have been steadily diminishing as Buyer’s pay higher prices.
Cap rates in Toronto will likely decline further.
In the City of Toronto, income properties often trade at around a 4% cap rate. The return on investment on these properties varies though as this is dependent on how much of a deposit is originally put down. The differences between cap rates and R.O.I. (return on investment) are important for landlords to understand.