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
Public Health Asking for $42-Mill
Fort Erie Increasing Pressure on Niagara Health
Young Offender Arrested in Vape Store Theft
150th Birthday Celebrated at Montebello Park
City Encouraged to Go After Funding
Cost of Renewing Vows Could Rise
GM Investing in St. Catharines
NRP Investigating Fatal Pelham Crash