A lot people inquire whether it would be good to buy a house or lease a house in Toronto. But according to many buying your own house would be a better option because it implies that finally your hard work has paid off. And other say it is the most important thing to do and reducing your home loan regularly right after reducing debts. Even in several published books years back, the best advice they offered was to buy and own your dream house.
Other people treat their house investment in Toronto as a dream despite the fact that the property in the United States has been under a chaos because of the great depression of their economy, the properties in Canada was not affected it even improved during the economic crisis. Adding to that, there is a bright future for the prospects of Canada, the environment for jobs is also excellent, and so the prices of house in the future will remain stable.
My personal options for you to choose from if you want to have a house in Toronto are East York, Danforth, Riverdale, Leslieville and The Beach because:
o Close to Downtown Toronto. If your house is in East York, Danforth and Riverdale the Downtown will just be near to you. As such is a house located in Pape and Danforth, the trip will only take 12 minutes on the subway to Downtown.
o Transportation is not a problem. The Bloor subway line is close to the subway station with just a few walks only which means that it is a good location for a house and good for residents of East York, Danforth or Riverdale because they can commute without using their own vehicle. For the next 15 years, it has been said that the neighborhoods with low, high and medium income will get higher income because of their close proximity to the subways.
o Exquisite education system. A lot of good schools are also located within the area be it a catholic, public or private schools. In Jackman district the popular school where the parents choose for their children is the Jackman Public school it is said to be the school of no other. And if you want your child to have a background in speaking French enroll your child to RH McGregor.
o Close to Hospitals. A number of hospitals are within easy access such the East General Hospital which is not far from the other Toronto hospitals such as the Sick Kids Hospital and also with the Toronto General Hospital which is not so far.
o Cheap residences.
It cannot be helped that there are really areas in locations like this that are quite expensive that should not or should be avoided, however, if you want to purchase for a detached residence you can have it for $480K to $700K and for semi-detached properties you can have it for $350k - $500k.
It will really give you a hard time to think once you decide to live in a place where a lot of house options are available specially in the heart of a metropolis such as Toronto. But you will not get wrong once you will follow the steps and easy tips in this article.
Other people treat their house investment in Toronto as a dream despite the fact that the property in the United States has been under a chaos because of the great depression of their economy, the properties in Canada was not affected it even improved during the economic crisis. Adding to that, there is a bright future for the prospects of Canada, the environment for jobs is also excellent, and so the prices of house in the future will remain stable.
My personal options for you to choose from if you want to have a house in Toronto are East York, Danforth, Riverdale, Leslieville and The Beach because:
o Close to Downtown Toronto. If your house is in East York, Danforth and Riverdale the Downtown will just be near to you. As such is a house located in Pape and Danforth, the trip will only take 12 minutes on the subway to Downtown.
o Transportation is not a problem. The Bloor subway line is close to the subway station with just a few walks only which means that it is a good location for a house and good for residents of East York, Danforth or Riverdale because they can commute without using their own vehicle. For the next 15 years, it has been said that the neighborhoods with low, high and medium income will get higher income because of their close proximity to the subways.
o Exquisite education system. A lot of good schools are also located within the area be it a catholic, public or private schools. In Jackman district the popular school where the parents choose for their children is the Jackman Public school it is said to be the school of no other. And if you want your child to have a background in speaking French enroll your child to RH McGregor.
o Close to Hospitals. A number of hospitals are within easy access such the East General Hospital which is not far from the other Toronto hospitals such as the Sick Kids Hospital and also with the Toronto General Hospital which is not so far.
o Cheap residences.
It cannot be helped that there are really areas in locations like this that are quite expensive that should not or should be avoided, however, if you want to purchase for a detached residence you can have it for $480K to $700K and for semi-detached properties you can have it for $350k - $500k.
It will really give you a hard time to think once you decide to live in a place where a lot of house options are available specially in the heart of a metropolis such as Toronto. But you will not get wrong once you will follow the steps and easy tips in this article.
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