When Kyle Paranuik's parents were in their mid-20s, they bought their first house in small-town Ontario for $45,000. Thirty-five years later, Paranuik bought his own first home in downtown Toronto — but it was a lot smaller (540 square feet), it cost a lot more ($691,500) and at age 31, he was quite a lot older.
We think of pets as family, so when looking for a new place to call home, it's obvious that we'd seek out the best amenities and features for them too. (We're excited that The Humber made it on this list!)
Livabl's round-up of 10 up-and-coming condo and townhome new construction projects happening close to the GO. All of these developments are slated for completion by 2022.
In this podcast, Heather Tremain, CEO of Options for Homes, speaks with Sean Cooper of Burn Your Mortgage about shared-equity mortgages and how does they differ from a traditional mortgage.
"For me, it made the payments more manageable," she said. "Could I have afforded it [without Options]? Yes. But because of the [shared equity mortgage], it gave me the breathing room where things weren't so tight."
Options for Homes has just been awarded $5.4 million from the City of Toronto through the Home Ownership Assistance Program. With this support, eligible buyers can now qualify for a downpayment boost of up to 24 percent at Options' newest development, The Humber.