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House Prices Are Higher Than Ever

Posted by on in Sean Homes 101

It’s no secret that purchasing a home is expensive in Canada. A recent report by Rent Seeker suggested that in the city of Toronto, the average house price to be the neighbourhood of $630, 858. That would require a household income of roughly $126k in order to be remotely feasible. This number isn’t static either, August it was up 5% over July – and that’s a bargain when you consider that the average home price in Vaughan is $717,414. These prices also don’t include the hidden costs of ownership, such as insurance, moving, and maintenance. So, what does this mean for intimidated homebuyers? Well, affordability can be attained outside of major city centers. Hamilton, for example, is $437,386. Those willing to commute can enjoy more affordable homes that offer buyers more for their money.

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Here in Barrie, average homes are in the area of $350 – and it hasn’t gone unnoticed by homebuyers. 2014 was the second best year ever for home sales in the Barrie region. Barrie is a wonderful choice. There area ton of amenities, like major and small businesses, recreation, events and more. As well, it’s extremely accessible – in fact, my homes are conveniently accessible by the 400, and close to local transit. There’s also a nearby GO Transit station, which makes commuting to and from Barrie extremely simple. With my home starting in the $200s, Barrie should be a consideration if you’re in the market for a new home for your family.

Are you concerned about whether or not home ownership is feasible for you? Why not explore my buyer’s guide, which includes a handy mortgage calculator to help you understand what you can comfortably afford.


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