Why Buy a House in Toronto?

Posted on Category:Real Estate
City plan

Some people think that living in Toronto isn’t worth it due to the high cost of living and expensive real estate or rent prices. This, in turn, acts as a major turnoff to people who might be interested in buying a house in the city. Which is a big shame?¬†While Toronto does have a few pricey, upscale areas, living in Wyatt Condos it isn’t nearly as expensive as a lot of people would believe (especially compared to major metropolitan locations like New York City or Hong Kong). The new upcoming houses are cheap to many middle class income people.

Why buying a house in Toronto is awesome

Crime Rate is Lowapartment

Toronto has long enjoyed the reputation of being one of the safest cities in Canada as well as the entirety of North America. Compared to New York City’s 265.9 robberies per 100,000 people, Toronto only has 207 per 100,000.¬†Chicago has a homicide rate of 18.5 per 100,000 while Toronto has 2 per 100,000. To put it simply, you’ll feel more at ease walking around in Toronto at night than in any other city in the world.

Job Prospects All Around

As one of the world’s top financial centers and a bustling hub for IT companies, Toronto does not lack when it comes to employment opportunities for its residents. Young people, in particular, have more chances of jumpstarting their careers here compared to other cities.

In the case of people want to ditch the corporate lifestyle and go down the entrepreneurial route, the city has programs like the Ryerson Digital Media Zone, The Next 36, and the Joe Fresh Centre for Fashion Innovation that can help budding entrepreneurs set up their own business.

Transportation Costs are Low

Toronto is a relatively easy city to get around. You wouldn’t even have to use your car. The subway network is made up of only three primary lines- and the rides are dirt cheap at that.

A subway ride usually costs around $3, while a day pass that can give unlimited rides for one whole day is only $10.75. The whole city is bike-friendly. Since Toronto is built on a simple grid and block system, you wouldn’t easily get lost when biking or walking around.

Diversityapartment and Multiculturalism

Toronto is also famous for its diversity. The city alone is home to 200 different ethnic groups. And almost half of the population has a different mother tongue other than the two major languages, English and French.