This post will be updated through the course of the year as it tracks real estate sales activity during 2015. TREB stands for Toronto Real Estate Board. The Toronto Real Estate Board represent the City of Toronto; the Regions of Halton, Peel, York, and Durham; plus South Simcoe County, and Orangeville.
TREB Affordability Indicator
The table below shows sales activity for Mississauga by property type for September 2015. A total of 886 residential property listings were sold by TREB Realtors during the month. 423 total detach and semi-detach homes were sold. 172 condo townhomes; 33 freehold townhouses; and 257 condo apartments were also sold during September. Further down below, is the full sales statistics for all of The Toronto Real Estate Board (TREB).
The table below shows the breakdown of sales activity by property type for August 2015 in Mississauga. A total 851 residential property listings were sold by TREB Realtor during the month. Detached and semi-detached homes totalled 401 listings sold; 148 condo townhouses, 260 condominium apartments, and 38 freehold townhomes were sold. Further below, is the full sales statistics for all of The Toronto Real Estate Board (TREB).
The down payment along with the closing costs are the up front mandatory cost of home ownership, and the biggest challenge to home ownership.
Many can afford the re-occuring mortgage payments and monthly utilities, many qualify for a mortgage loan, but not everyone has the down payment to buy a house. Your down payment must come from your savings. The down payment money is different from deposit given.
The minimum down payment required is 5% of the purchase price. The value of 5% varies, 5% of $300,000 is not the same as 5% of $400,000 or 5% of $500,000
Calculating Down Payment:
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