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house prices in toronto

If you're wondering how much money you need to make to afford to buy a home in Canada, a new housing affordability report has got you covered.

According to Zoocasa, though the "record highs from early 2022" are pretty much gone, year-over-year prices are still up from last year in many Canadian cities.

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There might be some hope for future homebuyers in Toronto and the GTA after all.

Re/Max published its Hot Pocket Communities Report for 2022, in which the company compares what the real estate market has been looking like between the first and second quarters for Toronto and the entire GTA.

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If you are looking to buy a place in Toronto, we hope you're making the big bucks because it is not cheap to buy in the city.

The National Bank of Canada dropped its housing affordability monitor for the first quarter of 2022, and outside of it being the "worst decline for housing affordability in a generation" across the country, it also showed what the real estate market is like for homebuyers in Toronto (and yes, it's brutal).

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There may be some hope yet for anyone dreaming of owning their own home in Ontario because a recent housing report is showing prices are expected to drop next year.

The Royal Bank of Canada forecasted how the Bank of Canada's interest rates could impact the housing market across the country, and it might finally bring some good news to prospective homebuyers in Ontario.

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It's not looking good for potential homebuyers as Canada's home prices are expected to "remain elevated" this year and affordability will "decline" over the next few years.

According to the latest Housing Market Outlook released by the Canada Mortgage and Housing Corporation on April 21, the pace of price growth will stay elevated in 2022 when compared to long-term averages.

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