Reasons to Consider Making a Move

Dated: May 13 2022

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When is it a good time to sell your property and buy another home? Whenever there’s a good reason to do so! There are many things that may motivate you to consider making a move.

For example:

  • Your current home no longer meets your needs. You may have more space than you need or you might be looking for a larger home to accommodate a growing family.
  • You’re looking for features your current property can’t accommodate. For example, you might want to install a pool but don’t have the backyard space or you might want a larger living room for entertaining but don’t have room for a renovation.
  • You want to live in a more desirable neighbourhood. This is one of the most common motivators since the area you live in has a huge impact on your lifestyle.
  • You want to move closer to work, school, family, shopping, theatre, etc.
  • You’re simply bored of your current property and are ready for a change.

To live alone, a single bachelor condo may set you back around $1500-1600 a month in rent, and you can expect to have to compete with others just to get the lease. The rental market in Toronto is a competitive one, with demand continuing to outpace supply. You may be subject to a credit check and may require a reference from a previous landlord in order to take out a lease alone. As those can be difficult for new arrivals, it’s often a good idea to rent shared accommodation when you first move to Toronto; that way you can get a reference from that landlord if you subsequently choose to move out on your own. It will also give you some time to figure out which Toronto neighbourhood you feel is best for you and your family, if applicable, before committing to a longer and more expensive lease.

Rents tend to be more hooked in to the dimensions of the apartment or houses in Toronto, and therefore the amenities that accompany it, instead of which Toronto neighbourhood you reside in. That being said, if you want to live in King West, the downtown core, or Rosedale/Summerhill, expects to dig deeper into your pockets than anywhere else.

While Toronto is by no means perfect, it gives its residents a lot to be thankful for – which is no doubt a big part of why it keeps showing up on rankings for the best city in the world to live. With lots of immigrants, foreign workers, and international students already calling Toronto home, you would possibly be considering a move to Toronto yourself.

Things you must know before moving to Toronto

1. Toronto is multicultural

Toronto is one of the most cosmopolitan cities in the world, with more than half of resident’s houses in Toronto belonging to a visible minority and more than 200 languages spoken. Regardless of where you’re from, someone from your hometown already lives in Toronto.

2. Toronto is safe

Compared with other large North American cities, Toronto is extremely safe. Sure, some Toronto neighbourhoods might be a little sketchier than others, but most people (men, women, and children) will probably feel pretty secure wandering around, regardless of whether or not the sun is up.

3. Toronto is fun

With so many people flocking to Toronto from across Canada and the world, there are established communities for every possible pastime. With most to try and do, the most important challenge could be choosing which activity you would like to see out next.

4. Commuting in Toronto can be a challenge

Public transit in Toronto, operated by the Toronto Transit Commission (or TTC), probably isn’t actually as slow as it seems to the people who live here, but everyone will still understand when you blame the TTC for being late. Invest during a bike, or join a car-sharing scheme.

5. Toronto has four distinct seasons

Toronto may be a four season city, with sweltering summers, colorful autumns, snowy winters, and soaking wet springs. The good news is that, compared to another Canadian cities (such as Montreal or Ottawa), Toronto’s winters are literally pretty mild.

6. Buying a house in Toronto is expensive

Houses in Toronto high costs are a fact of life in Toronto, at least for the foreseeable future. With the price of the average detached home in Toronto currently sitting at around $1.35 million, you’re probably going to need to think about renting, at least when you first arrive.

7. Renting in Toronto is expensive, too

Rents for Houses in Toronto are high by Canadian standards. In addition, the vacancy rate in Toronto has been low for quite a while, meaning it can be difficult to find a place to rent at all. But it’s all worth it for those incredible burritos… right?

8. There are a lot of work opportunities in Toronto

The silver lining to the expensive housing market is that Toronto’s economy is diverse and booming, which means that finding a job — a good job — in Toronto might be easier than you think. Toronto might also be a great place for you to launch your dream career, as it’s a major hub for plenty of industries, including finance, film-making, education, and all the various species of tech, including artificial intelligence.

9. Toronto is a city of parks and beaches

From Toronto Island to Trinity Bellwood’s to the Beaches to Rouge National Urban Park, you can easily escape the urban jungle to a park or a beach without ever leaving the GTA or needing a car.

10. There are so many great things to eat in Toronto

One of the various advantages of living in a city apart from Houses in Toronto, as diverse as Toronto is the huge sort of incredible food. You will probably find you have too much to choose from, and that’s okay, because it’s nearly time for brunch.

Whatever your reasons, if you’re thinking of looking for a new home – even if you haven’t made a firm decision yet – we should talk. As your REALTOR®, I can help you understand all your options.

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GTAREALSTAR from Royal Canadian Realty Brokerage is a real estate Brokerage company based in Ontario, Canada. The well-established company has many years of outstanding experience in the Real estate Industry. The company focuses on being tshe "straight talking property people" offering a completely jargon free service. GTAREALSTAR use the latest software solutions to improve their service to their customers on a daily basis. GTAREALSTAR offers online access to website twenty-four hours a day, they even offer electronic signing. The company offers sales and rentals combined with first class service and support. Call Naveen Vadlamudi @ 416-837-9696.

Never too late to find your dream home. For available properties, visit Call Naveen Vadlamudi @ 416-837-9696 Now.

Author : Naveen Vadlamudi

Address: 3 Centre Street,  Suite #206,
Markham, Ontario, L3P 3P9

Call Now @ (647) 694-4910
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Naveen Vadlamudi

My Name is Naveen Vadlamudi, and I'm a Licensed Professional Real Estate Broker Servicing the Greater Toronto Area! Whether You're Looking to Invest For a Guaranteed Return on Investment, Upgrade Fr....

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