What are the real costs of owning a home! Any experienced homeowner can tell you that mortgage payments are only a portion of your costs to own a home. Some of the additional costs include property taxes, energy costs, maintenance, etc. Check out this tip sheet for 10 common costs of owning a home and contact me with any questions!

 

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The average selling price of GTA homes for November was up by 7.4 per cent year-over-year to $577,936. The year-to-date average price was up by 8.4 per cent to $567,198. Excerpt from Market Watch Report, by www.lilithomes.com.To receive Market Reports for specific cities or neighbourhoods, please email today: results@lilithomes.com


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Owning your own home is an exciting proposition. Before you can know whether homeownership is right for you, it's important to understand what's involved. The key is to make sure that you can comfortably afford the mortgage payments and other monthly expenses that come with homeownership. Check out this quick Reference Guide for  homeownership costs

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According to the Royal LePage House Price Survey released in October, the average price of a home in Canada increased between 1.2% and 4.1% in the third quarter of 2013.

The survey showed a year-over-year average price increase of 3.7% to $418,686 for standard two-storey homes, while detached bungalows rose 4.1% to $381,811.

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