Looking To Buy In The Halton Region? Here’s What You Can Afford

According to TREB, there was a 25% annual increase in November this year, with 668 transactions that occurred. Meanwhile the average price from to 5.4% for the Halton region as a whole.

Wondering just how affordable the market is for median-income buyers? See below.

Burlington:

Median earners of $93,588 will find decent affordability in it’s condo sector, while townhomes & semi-detached homes would take between 5.6 years to 16.6 years to save. Detached homes would take about 31.9 years to save for.

Milton:

Median earners of $104,730 could afford a condo or townhome based on a 1.5 or 1.2 year timeline.

Oakville:

The city’s median income is around $113,666, meaning buyers could move into a condo costing $537,000 within a 1.4 year timeframe.

 

Are You Considering Buying A Home In The Halton Region? Sutton Can Help!

We Help Landlords, Tenants, Buyers And Are Here To Answer Any Questions You May Have!

Give Us A Call Today At 905-896-3333 or Visit Us Online www.SuttonRealty.com

Beautifully Kept Semi Detached House For Sale in Derry/Trudeau, Milton

Photo Link
Semi-Detached Home In A Desirable Family Friendly Neighbourhood!

•  3 bath , 3 bdrm other – FOR SALE  CAD719,000 . Rare 3 Bed/3 Bath Home For Sale In Milton!
MLS® 4619826

Welcome To Gowling Terrace!

Beautifully Kept, Bright & Modern, 3 Bedroom Semi-Detached Home In A Desirable Family Friendly Neighbourhood!

Unobstructed Full View Of Greenspace & Pond. Open Concept Renovated Kitchen Including A Large Eat-In Island With Wine Fridge, Under Cabinet Lighting, Granite Countertops & Stainless Steel Appliances!

Spacious Living/Dining Room With Pot Lights & A Separate Dining Room With A Stunning Chandelier!

Master Retreat With Ensuite Bathroom And Walk-In Closet! Stunning Views And 2+ Spacious Rooms!

Just Minutes To 401 & Go Station!

Address: Gowling Terr
Reference: 4619826

Property information

Completely Renovated 3 Bedroom Home For Sale In Mississauga

Photo Link
Cozy 3 Bedroom House in Mississauga

•  3 bath , 3 bdrm 1 1/2 story – FOR SALE  CAD1,249,000 . Completely Renovated 3 Bedroom House
MLS® 4606105

Cozy & Completely Renovated 3 Bedroom Home In Quiet Lakeview Pocket.

Virtually A New House With All The Character And Charm Of An Original. This House Has Been Taken Back To The Studs Throughout- All New; Electrical (Including Led Pot Lights, Several Usb Outlets), Insulation, Plumbing, Windows, Front Door Portico, Cabinetry, Trim And Doors! Upper-Level Sun Drenched Master Oasis Boasts A Vaulted Ceiling, New 3 Piece Ensuite & His And her Closets.

Enjoy The Sunny, West Facing Fenced Back Yard With Huge Insulated Garage/ Workshop. Includes New Stainless Fridge, Gas Stove, B-In Dishwasher, Built In Microwave, Washer, Dryer, inlcuidng All Electric Light Fixtures and Window Coverings.

Property information

Looking To Downsize Your Home? We Can Help!

In The Market To Downsize Your Home? This Could Mean For Greater Savings & Financial Opportunites!

Call Sutton Realty Today – We’re Here To Help!

416-896-3333 / 905-896-3333
www.SuttonRealty.com
#Downsizing #SuttonRealty #Vacations #Budgeting #Finances #Savings #RealEstate #HomeSellers #HomeBuyers

Link Condos – Affordable Condos and Government Incentives

Link Condos In Burlington – Affordable Luxury Living!

Brand New Development Close To The Waterfront

Perfect For New Homeowners With Government Incentives!

For More Information, Give Sutton Realty A Call Today
905-896-3333 www.SuttonRealty.com

https://www.youtube.com/watch?v=jnqPIRfaRkk

 

The New First Time Home Buyers Government Incentives Program!

Exciting News For First Time Buyers!

New Government Program offering Qualified Buyers up to $48,000 interest-free down payment incentives with no monthly payments! Up to 1.25 billion dollars has been set aside to help lower mortgage costs for eligible Canadian first time home buyers, on a First Come First Service Basis.

Buyers will need to have a minimum down payment to be eligible, which can be from your qualified R.S.P.  Just keep in mind this is a C.M.H.C. insured mortgage program. The total down payment is to be “less” than 20% down.

You can then apply for the 5% Down Payment Incentive, giving you an extra 5% down on resale purchases or 10% on new construction.  Simplified, this is a shared equity mortgage program with the Government of Canada.

Again is all Interest-Free and includes No Monthly Payments.

You can repay the Incentive at any time without a prepayment penalty.  However, the repayment is based on the property’s fair market value.

How the First Time Home Buyers Program Works

The new program scheduled for September 2nd, So call today about this and “other” Government Incentives to ensure you have a well-planned home purchase.

Visit us online at www.SuttonRealty.com for more information.

Call Our Office Today and Speak to a Representative anytime 905-896-3333 or 416-896-3333.

You can even register for one of our upcoming Home Buying Seminars!

Does Toronto Have The Lowest Property Tax Rates In Ontario?!

New study shows Toronto has the lowest property tax rate among the 25 major cities in Ontario – Beating Markham, Milton & Richmond Hill at roughly 0.615 per cent.

To put this in perspective, a home priced at $500k in Toronto would require owners to pay $3074 in taxes but a home at the same price in Windsor would require $8,947! Although this may seem too good to be true if you are thinking of purchasing a home in Toronto, you must remember that by keeping taxes down, Toronto faces a number of serious challenges such as housing affordability, public transit, road repairs, etc… All which come with a cost.

A main reason the property tax rates are higher in other cities is because the housing prices are much lower. An average cost of a home in Toronto is around $915,481 while Windsor homes sit at around $337,923.

Another thing to think about are the separate charges the City of Toronto bills homeowners (i.e water consumption, garbage pickup) while some cities in Ontario include all of this on a property tax bill.

Millennials In Canada Want To Date Those With Similar Housing Interests

Millennials in Canada are resorting to dating apps for meeting the right match that have similar homeownership and financial goals. A recent survey from HSBC shared the results that 4 in 10 people find property and financial goals to be more important than looks when choosing potential dates.

The survey was part of a global poll which included more than 1000 Canadians. The results read that 61% of respondents feel uneasy about buying a property – So the results are more likely due to desperation in finding a partner who can share the costs of homeownership.

“Close to 70% of Canadians own their home but less than 30% do so without a mortgage. It’s good to be a little nervous about the biggest purchase you’ll likely ever make. But you shouldn’t be overwhelmed.” said Barry Golom, Senior Vice President of Retail Banking and Wealth Management Products and Propositions, HSBC Bank Canada.

The results also found that the majority of Millennials in Canada (62.8%) said financial considerations are the reason for their last move. The biggest source of stress was accepting money from parents for their purchase (14%), and the top two reasons for moving was to get more space for their money (25.5%) or a lower cost of living (23.4%).

One quarter of Canadian Millennials admit to checking the value for their property at least once per month, in comparison to the 8% of all Canadian adults (49%) who only check the value annually.

Are You A New Homeowner Looking To Invest In Property? Click On The Video Below For More Information On The First Time Home Buyer’s Program Funded By The Government Of Canada. Only 5-10% Down Payment Incentive, Interest Free-Mortgage!

Or Call Our Office Today For Any Questions!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Congratulations To Natalie Myhal on receiving her Seniors Real Estate Specialist Certificate!

Congratulations To Natalie Myhal on receiving her Seniors Real Estate Specialist Certificate!

To Get In Contact With Natalie, Visit Her Website: http://nmyhal.com/

Or Call Our Office At 416-896-3333
Sutton Group Realty Systems
www.SuttonRealty.com

The New First Time Home Buyers Government Incentives Program!

Exciting News For First Time Buyers!

New Government Program offering Qualified Buyers up to $48,000 interest-free down payment incentives with no monthly payments! Up to 1.25 billion dollars has been set aside to help lower mortgage costs for eligible Canadian first time home buyers, on a First Come First Service Basis.

Buyers will need to have a minimum down payment to be eligible, which can be from your qualified R.S.P.  Just keep in mind this is a C.M.H.C. insured mortgage program. The total down payment is to be “less” than 20% down.

You can then apply for the 5% Down Payment Incentive, giving you an extra 5% down on resale purchases or 10% on new construction.  Simplified, this is a shared equity mortgage program with the Government of Canada.

Again is all Interest-Free and includes No Monthly Payments.

You can repay the Incentive at any time without a prepayment penalty.  However, the repayment is based on the property’s fair market value.

How the First Time Home Buyers Program Works

The new program scheduled for September 2nd, So call today about this and “other” Government Incentives to ensure you have a well-planned home purchase.

Visit us online at www.SuttonRealty.com for more information.

Call Our Office Today and Speak to a Representative anytime 905-896-3333 or 416-896-3333.

You can even register for one of our upcoming Home Buying Seminars!