416-788-7727
7th
Jan

2019 Property Search Tips

Posted by Nicholas Searle ot 11:31 AM

Be nonconventional
Although traditional housing styles, like single-family detached homes, are more valuable, there are many non-traditional dwelling types to consider if you have a hard time finding anything in your price range. Condos, row houses, and townhouses are some other options especially in downtown areas where there is low inventory of houses. Consider other dwelling types you may not have thought about before. They might be more cost effective and have other advantages like a shorter commute time and better access to cultural events.



Think outside your comfort zone
Living in a big city like Toronto is great but it also comes with a cost. It is known to be one of the least affordable areas in Canada. Decide if you are ok to live further away and commute in for work. If you can work remotely, why not looking for a property outside the city or even outside the GTA? This will save you the double land transfer tax in Toronto and give you more living square footage at a much lower price. At the end of the day your work situation will play a huge factor in your location choice.



Co-owning property
As homeownership becomes more expensive, some buyers are choosing to buy property in groups rather than continuing to rent. We have seen this trend grow in 2018. Friends are buying homes together and sharing space. These unique living options range from younger women buying a house together, to widows moving in together and sharing the all costs including live-in caregivers who might stay in the basement. Moving forward, try to keep an open mind and make a list of all your ideas to consider thinking outside the box!


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