Nina Asusa, Broker

Nina's journey in real estate began in the early 1990's where her passion for real-estate quickly grew from an investor and home renovator, to where she is today. In 2006*, Nina launched her full-time real estate career and quickly found herself helping her clients, who many became friends, achieve not just any lifestyle, but the lifestyle they wanted for themselves. Her model was and always will be ''Don't follow someone else's story; create your own story, create your own lifestyle, because 'home is where your story begins.'''  From a single realtor, to developing a strong team of realtors she personally mentored and later owning a real estate brokerage firm, Nina's focus remained the same. She continues to channel her high energy and extensive experience into understanding her client's needs and wants, and in helping them in their real estate journey. Nina's greatest honour is the trust others grant her when welcoming her in their life's journey.

Twice as many renters are overpaying for housing than homeowners

By: Steve Randall | REPmag.ca

Twice as many renters are overpaying for housing than homeowners

Tags: #ninaasusa #asknina #askninasteam #theartofliving #loveyourcity #loveyourhome #torontorealestate #etobicoke #thekingsway #downtownbrampton #broker #sellmyhome #realestatenews #rentorown

This article was originally published on June 12, 2019 at www.repmag.ca. To view it in its original form, visit Twice as many renters are overpaying for housing than homeowners

The rising cost of housing in Canada is highlighted in a new report that shows that renters are often paying a significant amount more than homeowners.

According to research from RateSupermarket.ca, 44% of renters said they are paying more than a third of their income for housing while this is true for just 20% of homeowners.

For 15% of renters, the cost of putting a roof over their heads takes more than half their monthly income.
These figures are higher than the recommendation from the CMHC that housing costs should be less than a third of household income.

"If renting is the best option for a household, Canadians could save hundreds of dollars by shopping around for better deals on their other household expenses, helping to offset the impact of rent on a budget," said Jacob Black from RateSupermarket.ca.

Black also advises that potential homeowners shop around for the best mortgage rates.

Homebuying is on the agenda for many respondents with two thirds saying they intend to buy in the near future.

Of those, 40% of renters report they'll need to use more than one third of their income to afford a suitable home, while 27% of homeowners still expect to pay more than what they are already spending towards that purchase.

Regional variations

Looking at regional stats, those in Toronto are overspending the most (34% of income on housing costs) followed by those in Montreal (33%), and Vancouver (30%).

Those in Edmonton (29%), Calgary (27%), and Quebec (22%) are spending the lowest share of their income on housing costs.