Toronto is a beautiful place for living. Everything you need, and everything you desire you will find there. And if you are lucky enough to have a possibility of purchasing a property there, you will need to decide where in Greater Toronto Area (GTA) you’ll buy a real estate. The first thing you need to know is that GTA is very big, and there are many good places, depending on your requirements. Important to realize is that prices of real estates vary from place to place. That is why you need to identify and specify your requirements prior to starting your pursuit. But, one thing is certain – whatever you are looking to find, you will find it Greater Toronto area. In order to help you with this project, here are some details on top GTA places for first time buyers.
What you need to know about purchasing a real estate in Toronto
Before you even start researching GTA for available properties, there are certain things you should know before buying a house. Especially if you are doing that for the first time. Real estate purchase is not a small thing, particularly in the Greater Toronto Area. There are so many things you need to be careful about, so clean your agenda and make some time for this task.
Ask a professional about top GTA places for first time buyers
There is one thing you need to know – if you try to buy a property on your own, it can give you a lot of troubles. That is why the smart thing to do is to hire a professional real estate agent to help you with that. They are up to date with every relevant information about GTA real estate market and will help you find what you seek. But, you can’t hire any real estate agent for this job. The first thing you need to understand are makings of a decent realtor in Toronto. Once you get familiar with the characteristics of good realtors. you can start looking for the one who will be able to help you with this purchase.
Once you choose a realtor to help you with property purchase, you need to schedule your first get-to-know meeting. Here are essential things you need to discuss during that meeting:
- Your requirements
- Purchasing budget
- Realtor’s fee
Hiring a realtor is not a cheap thing. You need to know that the fee can depend on the price of the purchased property. That is something you need to discuss during your first meeting with a realtor. Next, you need to find a common ground and explain your needs and requirements. That is the only way for your realtor to know what to look. And where, as he knows which are top GTA places for first time buyers. And last, but not least, you need to define your purchasing budget. That means the average sum of money you are looking to spend and the maximum price you are ready to give. The maximum sum is very important, and that is the figure you should include in the price for your Toronto move.
Top GTA places for first time buyers
Now we will speak about top GTA places for first time buyers. We will go through the specifics of most popular parts of the Greater Toronto Area in order to help you with your decision. And this is not an easy decision. Each part of this area has its pros and cons, and you will need to make a detailed investigation in order to make the best decision. Let’s go through some of the most attractive locations in the Greater Toronto area for purchasing a property.
City of Toronto
The center of the Greater Toronto Area. If you like to be in the middle of Toronto day and nightlife, this is a place for you. Especially Toronto Downtown. But, having a property in this part of GTA is something many can’t afford. As it is an epicenter of social and business life, real estate prices are going through the roof. It is definitely in the first place on the list of top GTA places for first time buyers.
Even though this is not the most affordable option, purchasing a property in this part of GTA can be a good investment. Especially if you are planning to buy a place for renting. Not to mention that the real estate market has a growing trend. Thus if you decide one day to sell your place, you will be able to get your money back, and maybe even to get some extra money. So in the long run, purchasing a place in the city of Toronto is a good decision.
This area is very attractive for business people, especially form the financial and bank industry. This is because of the Toronto Stock Exchange, which is placed here. This is the biggest stock exchange in the World, so many professionals are trying to find their luck here. Additionally, in the city of Toronto, many big companies have their Canadian branches. Hence, there are numerous job opportunities for everyone, not just financial experts.
Missagua is a beautiful part of the Greater Toronto Area, especially for people who are not into the fast-phased lifestyle. As it is very close to the Toronto Downtown, you will be able to easily commute and enjoy the perks of the center of GTA. But this does not mean that you will save a lot if you decide to buy a property here. Real estate pricMississaugaissaua are very close to the ones in the City of Toronto. Not to mention that it is placed on the Ontario lakeshore, which only increases the value of the properties.
Numerous parks, good neighborhoods, and high-quality schools are making Mississauga very attractive to people with children. This is why in that past few years many moved here. If you are thinking to move to Mississauga, here are some useful tips and tricks to help you with that cause.
This part of the Greater Toronto Area was known as Rose capital of the World. It was the fastest growing community in whole Canada at the end of the twentieth century. Today is it a quiet and peaceful place with many beautiful houses, and it is perfect for retirees. But if you do not want to purchase a house, you need to know that there are some pretty good modern apartments in Richmond Hill as well. And prices of real estates are pretty affordable, so you will not need to spend an entire fortune to buy a house in this part of GTA.
The farthest part of the Greater Toronto Area – Burlington has become a very popular place for tourists in the past several years. Even though it was quiet and peaceful slow-phased city, today it is a modern waterfront attraction for people all around the world. Many shopping malls, parks, festivals, restaurants, and nightclubs are all around this part of GTA. And the best part is that prices are very affordable as it is not so close to the Downtown Toronto.
As it is on the list of top GTA places for first time buyers, you can’t go wrong with buying a place in Burlington. And if you are not planning to live there, you can always rent on a monthly or even daily basis as tourists are everywhere and they are paying well.
Oakville is one more part of the Greater Toronto Area that is on the Ontario lakeshore. The main reason why it is on the list of top places in GTA for first time buyers is quality of life. This is one of the most peaceful parts of GTA, so there is no crowd and traffic jam like in Toronto Downtown. Beautiful nature, beaches, and parks are welcoming its residents giving them the perfect relaxing environment. Additionally, real estate prices are more affordable, comparing to its first neighbors – Mississagua.
But, just like for every other place, there are pros and cons of moving to Oakville. Going to the Toronto Downtown will take a significant amount of time every day. Even though it is not necessarily a bad thing, you need to be aware of that during making the final decision.
Vaughan is a very interesting place in the Greater Toronto Area. It is close to Downtown Toronto, but it has its own culture. It is mainly a family place, suitable for families with small children. Tere are many beautiful outdoor spots and good schools in this area. But, it is a very interesting place for students and other nightlife enthusiasts, as there are some pretty good nightclubs and pubs that are overcrowded during non-working days. Real estates are a bit overpriced, as it is close to the center of Greater Toronto Area, but still very affordable.
Another first neighbor to the City of Toronto is Pickering. A small part of it is on the Ontario lakeshore. Overall, not a bad place for purchasing a property. It is close to Downtown, but living costs and prices of real estates are quite bigger. Especially comparing with continental parts of the Greater Toronto Area. Overall, it is a good place if you want to have a property in the fairly safe neighborhood and be close to Toronto Downtown.
Oshawa is another part of the Greater Toronto Area that is placed on the Ontario lakeshore. But, that is not the best thing about this small and peaceful place. What differs Oshawa from other top GTA places for first time buyers are:
- Strong sense of community
- Very affordable real estate prices
- Everyone supports the local hockey team – the Oshawa Generals
Basically, if you decide to purchase a property for living in Oshawa, be ready to become a part of one big family. Moving to Oshawa will increase the quality of your life, especially if you are planning to move there with family. And the best thing is that comparing to other parts of GTA which are on the Ontario lakeshore, you will be able to find a very good deal, as properties in Oshawa are very affordable.
Markham, the first neighbor of the City of Toronto. This part of GTA is considered to be the IT and High-tech capital of Canada. o if you have any relations with the IT industry, this is the place for you. This is the number one place on top GTA places for first time buyers list for young professionals and entrepreneurs. But, as this is the case, you need to be aware that real estate prices are very high. And that is not a surprising fact as there are many successful business professionals living there. Not to mention that it is very close to Toronto Downtown, which only increases the value of properties in Markham. On the other hand, purchasing a place in Markham can be a very good investment move, as statistics are showing that real estates value will not drop any time soon.
It is important to realize that this is not all. These details are just a few form a long list that you need to find and go through. Do not rely on statistics and thoughts of others. This is your purchase, so the final decision must be only yours. Ask around, use the internet, ask your realtor or seek an advise form High Level Movers Toronto. All help is welcome in the situation like this. As you can see, every location from top GTA places for first time buyers has a good and not so good side. During your research take notes, and compare them. That is the best way to make a short list. After that, it will be easier to choose. But remember, whatever you choose, it will be a good decision. Having a real estate in Greater Toronto Area is a good thing. Good luck!