The PODS Blog has expertly packaged advice and resources to help you live better.
Unless you’ve been living off the grid, you know that the economic headlines lately aren’t exactly sunshine and roses. The news of inflation and a cooldown in the overheated housing market are enough to make a potential first-time homebuyer try van life for a while. But is that really necessary? Do you really need to put your moving plans on hold? Here’s a glimpse of what the experts are saying.
Garage conversions sound like an ideal solution for tight quarters, for sure, but are they really? First, consider that home buyers consistently rank a garage as a top priority. Then, take a look at other factors to decide whether or not to swap your parking space for a comfy spot on the sofa in your new “living room.”
Following a brief pause in the midst of the 2008 financial crisis, the Toronto housing market — buoyed by a combination of low mortgage rates, low inventory, strong immigration, and suspected foreign speculation — continued a long run of precipitous growth. For perspective, if you bought a home in the city of Toronto in 2010, the value of that same home today has increased by at least 150%! A big part of this long-term gain has come most recently as the average sale price of a home in Toronto has increased by a staggering 40% since May 2020.
