I live in a major metro area in Ohio in a 1,100 SF two bedroom townhouse, with a 1-car attached garage and a full basement that cost $120k USD when I bought it brand new six years ago. Looking at many real estate listings I think the equivalent in suburban GTA would cost me at least $350k CDN today. In the city it would be obviously more.
How are those of you who are home or condo owners able to afford a $350k townhouse/condo or a $500-700k single family home? Is there a salary/cost of living adjustment for living in the GTA or if a newcomer moved here from a much more affordable area would it take several years to become a homeowner once again at the previous level that he/she left?
If you are a home/condo owner, what type of home do you live in and what/how long did it take for you to get it?
Yes, for several years I have seriously thought of moving here. Sounds like to me even as a sales and marketing professional with a degree, it would take a lot to get back to what I already have now.
Skip the discussions on the disadvantages of moving here, believe me where I am now you have a lot of good things going for your area than you realize. Even the good areas have their warts and no place is perfect. And I already am aware and have researched of the long process of obtaining citizenship. I figure if hundreds of thousands of Asians can emigrate here, so should some one like me who is only on the other side of the pond (Lake Erie, lol) that in many cases can assimilate easier.
I do find it interesting that people in my region and other stagnate areas (Cleveland, Buffalo, Detroit areas) move hundreds or thousands of miles away when there is a lot going on much closer in Southern Ontario. Moving from these areas to Ontario is almost like moving to a neighbouring state (I know Ontario is a province)
How are those of you who are home or condo owners able to afford a $350k townhouse/condo or a $500-700k single family home? Is there a salary/cost of living adjustment for living in the GTA or if a newcomer moved here from a much more affordable area would it take several years to become a homeowner once again at the previous level that he/she left?
If you are a home/condo owner, what type of home do you live in and what/how long did it take for you to get it?
Yes, for several years I have seriously thought of moving here. Sounds like to me even as a sales and marketing professional with a degree, it would take a lot to get back to what I already have now.
Skip the discussions on the disadvantages of moving here, believe me where I am now you have a lot of good things going for your area than you realize. Even the good areas have their warts and no place is perfect. And I already am aware and have researched of the long process of obtaining citizenship. I figure if hundreds of thousands of Asians can emigrate here, so should some one like me who is only on the other side of the pond (Lake Erie, lol) that in many cases can assimilate easier.
I do find it interesting that people in my region and other stagnate areas (Cleveland, Buffalo, Detroit areas) move hundreds or thousands of miles away when there is a lot going on much closer in Southern Ontario. Moving from these areas to Ontario is almost like moving to a neighbouring state (I know Ontario is a province)