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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, February 2, 2017

Typical Toronto homebuyer has 27 per cent downpayment

A new market report from real estate agents in the Greater Toronto Area profiles recent home buyers as buying a typical-priced $672,023 homes with an average downpayment of 29 per cent.

This cash was from savings (in almost half of the cases), existing home equity (around a quarter) or gift (13 per cent). Seventeen per cent of respondents to the IPSOS survey for the Toronto Real Estate Board funded their downpayment from ‘other’ sources.

Fixed rate closed mortgages with a 5-year term remained the most popular choice of home loan with rates between 2.0 and 2.99 per cent.

The figures show that average income of homebuyers was $98,000 and the cost of the home, including downpayment, was 27 per cent of monthly income, rising to 39 per cent when property taxes and other costs are included.

The share of first-time buyers slipped slightly from a year earlier with 51 per cent making a move into homeownership.

MBN

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