Toronto housing market

[Aaron Xie]

Hi, BPers, I am wondering if any one familiar with Toronto housing market can give me advice on which area/neighborhood to look for a single family house to live in. My family are moving to the GTA area. My work only requires me to communicate to downtown (central business district) twice every week. Thanks in advance. 

[Claude Boiron]

@Aaron Xie, with that budget, I'd suggest you try and look in Toronto proper, for a few reasons:

- Anything under or around $1M is going to become more and more precious as a few hundred thousand condo buyers from the past decade try to make the move to a freehold (non-condo home).

- IF there were any sort of downturn in the market (which I don't see for a good 3-5 years), properties in the City of Toronto will likely be better insulated from any levelling off, or loss in value.

- There are good opportunities to buy smaller homes on good sized lots, obtain approvals to build a much larger house, and sell the property to a builder or end user, with approved plans.

Happy to chat more about this when we have our talk.