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When considering your next home-copy-2 in Toronto, there are so many factors to take into account, it can be difficult to see the forest for the trees. So how do you maintain perspective in this unpredictable real estate market? What are the driving considerations that influence your real estate decision, a decision that has the highest impact on your quality of life? Among these, finance and lifestyle will probably come to the forefront of your decision-making process.
Your budget will determine what type of home-copy-2 you can afford, but whether you want to spend your housing allotment on rent or mortgage is a question all on its own. Owning a home-copy-2 has been, until recently not only the default definition of successful adulthood, but also the clearest mark of status. Real estate market in Toronto is challenging for everybody.
However, the responsibilities of home-copy-2 ownership might deter many qualified buyers who do not have the time or inclination to dedicate to the work of upkeep, especially on older houses. If that is the case, then the renting might suit, liberating the tenant from the duties of home-copy-2 ownership, which might range from routine upkeep and repair to payment of condo association fees.
Toronto real estate market has a delicate balance between houses for sale offer and seasonal buying demand. This process, creates a very narrow line where the help from a real estate agent will be need it.
Aside from time and financial commitments, lifestyle choices might rise to the surface as the determining factor in housing options. Say you’re a professional working downtown: would you rather spend the average 1.5 hours a day commuting or walk home-copy-2 to your nearby condo building and relax or use the gym facilities there? And if you go for that option and have a large circle of friends whom you like to entertain often, then you might opt to rent a fashionable loft than buy a space-challenged one-bedroom apartment.
On the other hand, you might want to recreate the traditional home-copy-2 you have grown up with, and offer your family room to grow, complete with bedrooms for everyone, and a spacious backyard. Home Copy 2 ownership would be the optimal choice then, offering you peace of mind for the present—those marker drawings on the wall that your toddler masterfully drew will be a lovely memory rather than a dent in your rental deposit—and an investment for the future .
No matter what your life situation at the moment, however, there are options tailored specifically for you even in a real estate market as fast-changing and unpredictable as Toronto and the GTA. Taking into account your current lifestyle and your realistic budget will enable you to choose the best place to live comfortably and happily
Not all real estate agents are REALTORS®.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc., a corporation jointly owned by the National Association of REALTORS® and CREA. The REALTOR® trademarks are used to identify real estate services provided by brokers and salespersons who are members of CREA and who accept and respect a strict Code of Ethics, and are required to meet consistent professional standards of business practice which is the consumer’s assurance of integrity.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA.