Toronto Condo Market Forecast March 21, 2020. 2019 was another…
Buy a Home in Toronto, Canada
Most people from the US, UK or other countries like Toronto a lot. One thing for sure, they’re coming here to buy homes and property. The really smart ones will buy property. Because, property is really rare and can be more easily built to purpose.
Yet, the real demand is for homes. New homes are purchased very quickly in the Toronto area. They’re a rare find. While you can find new homes for sale in Mississauga, Newmarket, Aurora, Bradford, Vaughan, Richmond Hill, Markham, and Milton, an older home in an established neighbourhood provides the real comfort you’re seeking.
The strong interest on my site for homes for sale in Bradford, Newmarket, Aurora, and Vaughan reveals that many Toronto homeowners are looking to sell their $1 Million dollar home and move north.
You won’t have any trouble selling your Toronto home. There are all cash buyers from countries around the world as well as buyers right here in Toronto. What you need help with is finding a new community and neighbourhood, and plan how you’ll invest the winfall from selling your home. The key is to find a good Realtor™ in Toronto to help guide your choice.
Where are Chinese/Asian Buyers Buying Homes?
I’d like to Welcome visitors from the Middle East, China, Malaysia, Germany, and Hong Kong. Your choice to invest in Canada and move here is good for you and good for us. Truth is, foreign investment in Canada is at an all time low and this is hurting our economy. An improving economy, lower Canadian dollar means you’re investing in property that will appreciate.
These problems will be resolved soon, as the US begins to bring jobs back to its country. Selling your home and buying one in Canada is wise – Canada will benefit from economic and cultural improvment in the US regeneration in the US. The US has had terrible troubles in the last few decades, but looks to be ready to climb out of their depressed state.
Canada is safe, healthy, and different races and nationalities get along together as well as in any country in the world. Let’s not forget that Canada is a capitalist country and it is competitive. Come here with an open-minded, entrepreneurial attitude and you’ll fit in nicely.
Toronto Real Estate Charts (from TREB)
Here’s what has happened throughout the greater Toronto region. Please see the homes for sale Newmarket, homes for sale Vaughan, homes for sale Mississauga, York Region, and homes for sale Bradford pages for more detailed insight.
What are The Best Neighbourhoods to Buy a Home in Toronto?
There’s no real answer to that question. I know people living across the greater Toronto region and each of them believe they live in the best neighbourhood. Your choice of where to buy a home here will be conditioned by where you want to work. Transportation routes aren’t good. I worked 30 km from my home and it was a 1 hour commute to work every day. When it snows, it’s worse.
A huge number of people work to downtown Toronto, which may appeal to you if you’re from a crowded city in China or Hong Kong. There are a lot of existing condos and many new ones being built. I have friends from Hong Kong and China who live well north of Toronto in Bradford, Aurora, Newmarket. Have a look! They’ve purchased large detached homes and they enjoy the more rural lifestyle with clean air and very good schools for their kids.
Cities such as Newmarket, Vaughan, Milton, Oshawa are in very high demand. Homes in some Toronto districts are pricey, but likely not out of your range. If you can spend $2 million+, the area of King City and King township may interest you. This is where the wealthy are moving to. Magna International is an auto parts manufacturer in the area. This company is set to explode in growth due to its supply of parts for self-driving cars. Magna’s new headquarters will be in King township (north of Vaughan, west of Aurora)
If you have a modest budget, homes in Bradford, Orangeville, Stouffville, Keswick may have the least expensive prices for detached homes. For find condos for sale, Mississauga and North York are your best choices. Toronto and Mississauga are large cities and there are condos for sale across them.
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