Toronto Homeowners Spend Nearly 30% of Their Income on Mortgage Payments

Author: Andre Ouimet - Mortgage Agent | | Categories: First Time Home Buyer Mortgage , Mortgage Agent

The tale begins with themes you’re probably familiar with by now: as a result of COVID-19, Toronto’s real estate market saw a springtime 2020 pause in activity that resulted in a summer, fall, and late-year boom. When that boom did arrive, the demand for larger homes saw a rise, as condos couldn’t meet the needs of Torontonians spending all their time at home.

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Original Article Source Credits:   Toronto Storeys ,

Article Written By:  Kayla Gladysz

Original Article Posted on:  January 26, 2021

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