I'm talking about a nice family home, somewhere safe and convenient, in a good school zone. With the average Toronto detached home selling for over $1.822M in April 2024, how can anyone afford this?

For context, an average $1.822M detached home in Toronto, with a 20% down payment (that's $364k cash), you'll still have a mortgage of $1.457M. On a 25 year amortization schedule at 5.29%, the monthly payments work out to $8,719 per month, not including taxes, insurance, maintenance, utilities. and everything else that comes with owning a home. A $4M mortgage is just under $24k per month.

So let's talk about some ideas.

Schedule a 15-minute appointment to chat with me here:
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