Fortune Estates
11 Capreol Crt M5V 3Z6 Toronto, ON, Canada

Mortgage Facts: Buying A Home Means Investing In Your Future If you're considering retirement planning, aside from RRSPs, and other investment options you may be presented with, owning your own home is truly key. The sooner you buy a home, the sooner you can build equity on the principal payments you make every month. In addition to that, historically speaking, houses have definitely grown in value substantially over the years. Take this chart below for example and you will s...ee what we mean. #FortuneEstates #MortgageFacts #FortuneEstatesRealty #RealEstate

Mortgage Facts: August 2020 vs. August 2019 Average Selling Price: $951,404 vs. $792,134 (+20.10%) Total New Listings: 18,491 vs. 11,789 (+56.80%) Total Residential Transactions: 10,775 vs. 7,682 (+40.30%)... It appears that even the pandemic can't slow down this housing market. Home prices are still rising, rendering home buyers, especially first timers, being priced out of certain geographic locations. The incredibly low borrowing costs (mortgage interest rates) is a tremendous factor in the strong activity in the market today, especially with vacation being out of the question for the many months to come. Data obtained from TRREB's MLS System #FortuneEstates #FortuneEstatesRealty #MortgageFacts #Realtor #RealEstate #FirstTimeHomeBuyer