The time to move has come around again. For whatever reason, the current home just doesn’t fit anymore. Maybe it’s too big, now that the kids are gone. Or, maybe it’s too small with the expected arrival of yet another little one. Maybe in these tough Economic Times, the job you thought would last until retirement has disappeared, and there is no reason to stay in the area anymore. Possibly, you’re not happy with the school system or need a stable Healthcare System. Or maybe it’s just a desire to try something new and different.
Whatever the reason, many people have begun to look northward, into Canada, for their answers to bigger, better or more secure homes and Toronto is the destination to be. Why Toronto? What is it about Toronto real estate that people find so attractive these days?
Toronto is the fifth largest city in all of North America, yet with a population of 5 million (Greater Toronto Area), it can seem grossly underpopulated and spread out according to American Standards. The city has the largest subway system in the North American continent outside of Manhattan. So, if you plan carefully, it might not matter which neighborhood you choose to live in. If the subway goes through, and it probably does, then you almost certainly guarantee yourself an effortless commute to work.
Like America, Canada and particularly Toronto, is a Melting Pot of cultures. It is a city made up of many interesting and diverse neighborhoods where crossing streets is like stepping from one country into another. And since Toronto draws its diversity from migrants rather than you sometimes overwhelming aspect of illegal immigration, internal growth is somewhat slower than in America, meaning there is less stress on the schools, public health and safety systems.
The current World economic crisis has affected Canada and Toronto in particular as well as the United States. However, Toronto is seeing a boom in housing that has began to reverse the ill fortunes of the past several months. The introduction of Mortgage Stress test and series of increase in the interest rate had affected the Toronto Housing market but the new sales numbers in spring are healthy signs that the Toronto Real estate market is booming again. Toronto’s condo market in particular has been a story of rising prices, rising rents despite a slump in the last two years. The Market for Toronto Condos for sale is ever strong and experts are attributing the up-tick to stored consumer confidence, lower interest rates and pent up demand.
Overall, living in Toronto would not be a great change from living farther south in America. The demographics are similar. English is spoken in both. However, many Canadian speak french as well. Sports aficionados will find plenty to cheer about in Toronto with baseball, football, Basketball, Cricket, Curling and more as anyone can desire. The Cost of living is also similar with America’s cost of living being only slightly higher. The USA ѕpends more money on education, but the schools are comparable and literacy rates are the same within Canada as they are in the states. One of the few differences would be holidays. Canada gets more statuary holidays than the US counterpart.
Before Making the Move
Despite all the good things that you’ve heard about moving to Toronto, it would be wise to check out the city first before making the final decision. Make it your next vacation stop. Spend some time in the various neighbourhoods. See which one could possibly contain your family’s dream home.