Not exact matches
Even in more
affordable metros like Detroit,
where the median price of a
condo is $ 163,300, a 20 percent down payment would be $ 32,660, but millennials in that region said they expect to have to pay just $ 16,340.
Wailea, to the south of this region, boasts exclusive resorts and golf, while Kihei to the north is
where you'll find more
affordable hotels,
condos and vacation rentals.
Converters typically search for apartment - to -
condo conversions in desirable locations
where they won't directly compete with
affordable entry - level homes.
These price variances explain the higher proportion of
condo and townhome purchases in Toronto, Vancouver and Montreal,
where such properties are the most
affordable way to enter homeownership.
Even in more
affordable metros like Detroit,
where the median price of a
condo is $ 163,300, a 20 percent down payment would be $ 32,660, but millennials in that region said they expect to have to pay just $ 16,340.
The problem is that
condos and townhomes can sometimes be the more
affordable option because they are priced in a price range
where the majority of buyers are at.
In densely populated urban centres
where condos, townhouses and semi-detached homes provide a variety of alternatives for those looking for a four - bedroom home, there are surprisingly
affordable options available.
On top of the debt crisis, we are entering a time when the baby boomers are starting to flood the market with their homes & in many cases moving out of the major cities & buying the
condo lifestyle in smaller communities
where it is much more
affordable.
-- In Ontario, four - bedroom, two - bathroom homes showed
affordable pricing in some of the province's more densely populated urban centres such as Toronto ($ 495,398) and Mississauga ($ 393,691),
where condo units provide an appealing option for buyers wanting a four - bedroom home in the city, without the price of a large lot.