Authors Posts by Penelope Graham

Penelope Graham

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Penelope Graham is the managing editor of Zoocasa.com, a real estate resource “that uses full brokerage service and online tools to empower Canadians to buy or sell their home faster, easier and more successfully.”

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The growing narrative from CREA is that conditions are balancing out; June sales and price growth was fairly stagnant, up 0.3 per cent and 1.7 per cent year over year, respectively.

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A new data report reveals just how out of reach homeownership can be, even for city residents earning a living wage.

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These ten cities can still be considered affordable for single buyers earning a median household income.

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Zoocasa crunched the numbers in three key housing markets, comparing the monthly trajectory of the local average home price to the performance of three popular investments over the course of 2018.

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LTT can present buyers with considerable sticker shock, especially those in Ontario’s most expensive housing markets.

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For Alberta buyers, there’s one recurring carrying cost that flies under the radar during offer time – the amount of property tax they’ll pay throughout the lifetime of their home ownership.

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While monthly mortgage payments will indisputably take up the largest chunk of a homeowner's shelter budget, the costs for utilities and property taxes are also important considerations for prospective home purchasers.

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While every province charges LTT or some form of property transfer fee, depending on the tax structure, buyers may pay anywhere from a few hundred dollars to tens of thousands in addition to their home purchase.

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Assessing Days on Market is equally of importance for prospective buyers seeking an edge. Not only can it indicate the level of competition within specific neighbourhoods, but it can potentially raise red flags.

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Are Canadian home buyers really bothered by the presence of legal pot? According to new national survey data, when it comes to homes where pot has been puffed, buyers would rather pass.