Average payment now sits at over $36,000
The average down payment needed to buy a townhouse in Niagara has doubled over the last five years.
That's according to a study from real estate brokerage Zoocasa.
The study found down payments are currently around $36,610, which is over $18,000 higher than in 2018.
Since then, the price of the average townhouse in the area has increased from $365,900 to about $616,000.
The study found that the Greater Vancouver area was the priciest market for townhouses in the country.
Over the last five years, down payments there have quadrupled from $56,950 to $219,800, and the average price of a townhouse is over $1 million.
Photo Credit: Zoocasa
Truck Found Without Tires, Driver Charged
Medical Episode Possible Cause of Crash
More Charges Laid in Smithville Murder
Yielding to Winter Blahs Challenged
Speeding Driver Asks for Warning
Niagara Chair Touches on Budget
Man Charged with Indecent Act
2 Drivers Arrested in RIDE Checks