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The average household income of a Canadian is about $106,300 before taxes, and most lenders will allow you to spend up to 35% of that—about $3,100 per month—on housing costs, including your mortgage, property taxes, and heating. After subtracting estimated costs for taxes and heat, you could afford a monthly mortgage payment of around $2,650. With current interest rates around 2.75% and a 25-year amortisation, that monthly payment translates to a mortgage of roughly $555,000. If you make the minimum 5% down payment (about $25,000), you could afford a home worth around $580,000.

Read More: Ontario’s Top Home Buying Spots by Income Bracket- 2025 Guide

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Experts Predict a Drop in Canadian Home Prices – What It Means for Buyers in 2025?

TD Economics expects average home prices in Canada to fall by 3.2%, with sales dipping by 0.9%. This revision follows a rocky first quarter marked by two major events: Donald Trump’s return to the U.S. presidency and the immediate introduction of trade tariffs, both of which injected fresh uncertainty into the North American economy. On top of that, severe winter storms across many regions slowed down market activity dramatically.

Source: The Canadian Home

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Owning a Townhouse: Should You Go Freehold or Condo

Why and When Should You Choose a Condo Townhouse?

1. Lower maintenance: If you prefer a hands-off approach to home maintenance, a condo townhouse is ideal. 2. Affordability: These units are often more affordable than freehold townhouses. 3. Community amenities: Many condo townhouses offer shared amenities such as pools, gyms, and clubhouses. 4. Great for first-time buyers or busy Professionals: If you have a busy lifestyle and don’t want to deal with exterior upkeep, a condo townhouse is a great option.

Source: The Canadian Home

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Is It Still Affordable? A Comparison of Toronto, Kitchener, and Oshawa

With rising real estate prices and fluctuating markets, many aspiring homebuyers are left wondering which cities still offer affordability without compromising on long-term value. To answer this question, we’ve compared Toronto, Kitchener, and Oshawa based on home prices, affordability, monthly costs, market dynamics, and job opportunities. Let’s delve into the key findings and explore their implications for potential buyers.

Read More: https://thecanadianhome.com/blog/is-it-still-affordable-a-comparison-of-toronto-kitchener-and-oshawa

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Modern Buyers Modern Homes: The Rise of Flexible Living Spaces in New Homes

A recent survey by Canadian Real Estate Wealth found that 65% of homebuyers, particularly Gen Z, prioritise flexible home designs, such as home offices and convertible furniture like desk-to-dining tables. While Gen Z currently makes up only about 3% of homebuyers, this number is expected to rise significantly over the next five years, prompting the housing market to adapt to their modern demands. As a result, Canadian home design is undergoing a major transformation, shifting away from traditional fixed layouts in favour of adaptable spaces that can evolve with homeowners' changing needs...

Read More: https://thecanadianhome.com/blog/modern-buyers-modern-homes-the-rise-of-flexible-living-spaces-in-new-homes

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Ontario’s Housing Market Heating Up, Prices on the Rise

Ontario’s real estate market kicked off 2025 with a bang, as home prices surged with more buyers willing to step into the market. In just six weeks, the average home price surged nearly 8%, driven by pent-up demand and favourable economic conditions. We believe this trend is taking shape and will play a key role in the upcoming spring market. 

Read More: https://thecanadianhome.com/blog/ontarios-housing-market-heating-up-prices-on-the-rise

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Energy-Efficient Home Rebates Every Homeowner Should Know About

In Canada, when you pay less than 20% down on a home purchase, you are required to get mortgage default insurance (often called CMHC insurance, though other providers exist). This one-time premium can either be paid upfront or added to your mortgage principal and paid off over time with interest, increasing your overall cost of buying the home.

View full article: Energy-Efficient Home Rebates Every Homeowner Should Know About

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Think Buying a Second Home Is Easy? Here’s What No One Tells You

Is buying a home for the second time really any different from the first? On the surface, it might seem like the same process—find a house, get a mortgage, sign the papers, move in. Simple, right? Not quite. The truth is, second-time homebuyers face a whole new set of challenges that first-timers never had to think about. If you assume it’s just a repeat of your first experience, think again. Navigating the Journey of a Second-Time Homebuyer: A Family’s Path to a New Home uncovers the hidden hurdles—like juggling an existing mortgage, timing the sale of your current home, and managing higher expectations that can make the process trickier than you’d expect. Before you dive in, make sure you know what you’re up against.

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How much is your home worth?

100% free Home value estimate. Find out the exact value of what your home could sell by using our Latest Artificial Intelligence Technology.

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Magical Winter Escapes: Top Festive Small-Town Events in Ontario

Ontario’s small towns come alive during winter, offering a magical blend of seasonal charm, cultural festivities, and thrilling outdoor activities. From glittering light displays to cosy culinary experiences, these towns provide the perfect backdrop for creating cherished winter memories. Let’s explore some of the most enchanting winter events across the province.

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Magical Winter Escapes: Top Festive Small-Town Events in Ontario

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Top 14 Growing Cities in Ontario: Insights for Real Estate Investors

Ontario’s real estate market continues to thrive, with several cities emerging as hotspots for growth. Investors seeking strong returns and long-term stability need to pay attention to these markets, where factors like economic development, urban expansion, and demand for housing have fueled property price appreciation. Here’s an in-depth look at the top 14 growing cities in Ontario and what makes each one an attractive investment opportunity.

Read More: Top 14 Growing Cities in Ontario: Insights for Real Estate Investors