If you're thinking about buying some real estate in Toronto but are scared off by how expensive it can be to live there, then you need to consider other alternatives. If you needed to rent some tables for a wedding you're putting on but the first place was too expensive you would check out other options, right? You'd get as many estimates as possible from as many different table rental Toronto companies. It's the smart thing to do. That's exactly what you would need to do when shopping for real estate in the Toronto area.
While you might spend hours looking at expensive pieces of real estate in Toronto, you do have other things to do. Such as going to your physiotherapist Toronto appointment. That's why you need to kick this search into high gear. One idea that you might not have considered is buying a house or condo in the Kitchener-Waterloo region. Kitchener-Waterloo affords you to have the same lifestyle you would living in Toronto but at a much more reasonable price.
Living in the area of Kitchener-Waterloo gives you the benefit of affordable real estate with the added bonus of living close to Toronto. So that if you have to go to the big city, either for fun or for work, the commute isn't that long. It's about an hour drive from Kitchener-Waterloo to Toronto. The drive to other regions in the Greater Toronto Area isn't that bad either. So if you have an appointment with a cosmetic dentist in Oakville or a job interview in Mississauga you don't have to worry about a long commute.
It doesn't really matter that you have a huge EI refund backpay cheque saved up, it just won't be enough to help you cover the cost of a down payment for a real estate property in Toronto. It might, however, be enough for a place in Kitchener-Waterloo. The price differences between real estate properties in Toronto and Kitchener-Waterloo can be staggering at times. Sometimes, houses in Toronto will be priced above the normal market value just because they are located in Toronto.
The same house you see in Toronto will be more than the same type of house you see in Kitchener-Waterloo or near a Markham eye clinic. The money you save by living in Kitchener-Waterloo could be used to take day trips to Toronto. Toronto is the major city, after all. There are just too many fun things to do in Toronto. It's just that the big city life can get too hectic. Living in Kitchener-Waterloo is a great idea because you get to save money, and have the luxury of going to Toronto whenever you want since it's so close but at the same time only needing to go for the day. | 