Sentences with phrase «detached home costs»

In another word, if a detached home costs $ 1.5 millions, then it will still cost you $ 1.5 million even it is built with cardboard paper, literally speaking.

Not exact matches

Paying for all of the costs associated with a detached home in the Vancouver area requires 121 per cent of median household income; for a condo, it's 46 per cent of income, making it Canada's least affordable city, according to economists at the Royal Bank of Canada.

In the span of a few days this week and last, several big - bank CEOs and chief economists let loose a flurry of warnings about surging home prices in Vancouver and Toronto, where it now costs an average of $ 1.5 million and $ 1.3 million, respectively, to buy a detached house.

Nationally, prices for detached bungalows increased 7.5 % year - over-year in Q2 2011 to $ 356,625; the cost for a standard two story home jumped 6.1 % to $ 390,163, while standard condominium prices climbed 3.5 % to $ 238,064.

Interest rates are stuck at historic lows, so affordability is actually improving as the market cools, though it still takes about 42 % of pre-tax income to cover the typical costs of owning a detached home.

That being said, if you are in a home that happens to be detached and you share no common walls, that privacy comes at a cost.

In Ottawa, home ownership costs for a single - family detached home in the fourth quarter took up 36.5 per cent of a typical household's pre-tax income.

The RBC housing affordability report captures each province's proportion of pre-tax household income needed to service the costs of owning a home and iis based on the costs of owning a detached bungalow, a reasonable property benchmark for the housing market in Canada.

The key difference with single detached homes is that the owner has control over the costs and isn't affected by the decisions of their neighbours.

Owners of single detached homes, on the other hand, usually pass the costs of all utilities on to the tenants.

The average cost to buy a single - family detached home in my area is $ 1,175,000, townhouses are approximately $ 535,000, followed by condos priced around $ 377,000.

Detached homes in the city of Toronto proper cost on average $ 1.2 million, up 18.3 per cent.

So, to get a handle on the real cost of maintaining a home, I decided to price out all of the major maintenance and repairs you can expect to perform on a typical 2,000 - square - foot detached house in Canada myself.

At some point in the next few years I'd like to renovate a dilapidated detached two - story garage - like structure that is at the back of my property into a by - right ADU for the purposes of renting and generating income (FYI: When I purchased my home in 2007 using a 203k, an inspector quoted $ 75K as an estimated renovation cost for the garage).

** Renters insurance (purchased by the property owner) has many variables to consider for the cost; detached home, condo, townhouse, location, value of personal contents, any betterment and improvements.

Let's say that we rent a two - bedroom apartment instead (we live in a detached two - storey home, but people tend to rent a smaller place than they own), which would cost us, say, $ 1,000 a month.

While both areas are cheaper relative to some of the surrounding areas, prices in River Heights cost almost 20 % more than a single family detached home in the city.

Using 21 variables, including the pet - friendliness of the rental market; average home size; preponderance of single - family detached homes (in other words, housing likely to have a yard for the dog); the cost per capita of veterinary care; local animal protection laws; and the availability of dog parks and other outdoor spaces and, of course, the number of pet - friendly restaurants, NYC landed near the bottom of the top 100.

This cost applies both to homes and structures commonly found on your property, such as detached garages and sheds.

The average cost of other structures (sheds, detached garages, etc.) for New York homes was $ 22,156.

The average cost to insure all other structures of a New Jersey home, including fences, sheds and detached garages, is $ 23,633, slightly less than the national average of $ 26,165.

Generally speaking, your coverage may include debris removal, structural repair to your home, attached and detached building structures (which may require separate policies), permanently installed fixtures, electrical repairs, and out of pocket expenses for temporary clean - up costs.

Most forms of homeowners insurance will cover the cost to repair or replace damage to your home's structure and other structures on your property, such as a storage shed or detached garage.

This tax costs the buyer of an average detached Toronto home $ 12,500, which has to be paid in full as a closing cost and can not be tacked on to a mortgage.

However, he added that there will be a «tightening» of the market «in many areas of Canada, except for Alberta and B.C.» Wong said the condominium market in Toronto will continue to be strong because of the rising cost of detached homes.

NASB lends up to 70 % loan - to - cost on single family detached homes and 60 % on all other residential properties (CA, AZ, FL, MI, OH, NV have a max 55 % loan - to - cost).

Single - family, detached homes typically carry higher price tags than townhouses and condos, depending highly on location, and have higher home maintenance costs, but house owners have all of the say in what get fixed when and how much they are willing to spend.

In the expensive U.S. coastal metros, home prices have detached from construction costs and can be almost four times as high as the cost of rebuilding existing structures.

Our real - estate market has seen consistent increases in the cost of housing, with the average price of a detached home in Toronto increasing by over 32 per cent this past November from the same month last year, according to the Toronto Real Estate Board.

In the upper - end especially, buyers have demonstrated a willingness to set new benchmarks, and in some cases, are spending more than what a detached home might cost.

By that measure, the cost of owning a home edged down by 1.0 percentage point to 42.0 percent for a detached bungalow, by 1.2 percentage points to 47.8 percent for a two - story home, and by 0.6 percentage point to 28.0 percent for a condominium, the RBC Housing Affordability index showed.