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Old 04-21-2013, 07:41 PM
 
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hi there!

My husband is looking to relocate to toronto for work, and I am wondering what suburb would be great to live in. We are looking to spend about 300k on a house and of course I know Toronto is super expensive! is this even possible?? Of course we are happy to live in the suburbs

Thanks so much
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Old 04-21-2013, 07:44 PM
 
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How long are you willing to commute? The best option is probably the eastern suburbs of Pickering, Ajax and Whitby.
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Old 04-22-2013, 09:49 AM
 
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Toronto is expensive, but nowhere near "super-expensive".

under $300K you can buy a 3 bedroom house in Scarborough east of Markham Road, or further east outside the city like King of Kensington said, or in Brampton.

Yes, I think east Scarborough, Pickering/Ajax and Brampton are your best bets. Of course the farther you go, the more house you buy, but it won't be Toronto.
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Old 04-22-2013, 10:28 AM
 
Location: Toronto
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^^^^under $300,000 will barely buy you a tiny bungalow in the furthest reaches of Scarborough.

Scarborough Real Estate - Scarborough Homes for Sale & Condos | RE/MAX
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Old 04-22-2013, 11:54 AM
 
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Quote:
Originally Posted by TOkidd View Post
^^^^under $300,000 will barely buy you a tiny bungalow in the furthest reaches of Scarborough.

Scarborough Real Estate - Scarborough Homes for Sale & Condos | RE/MAX
true.
Scarborough is cheap, but not that cheap.
I think Brampton/Pickering is OP's best bet
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Old 04-22-2013, 12:07 PM
 
Location: Toronto, ON
564 posts, read 979,421 times
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Quote:
Originally Posted by denisegoetzinger View Post
hi there!

My husband is looking to relocate to toronto for work, and I am wondering what suburb would be great to live in. We are looking to spend about 300k on a house and of course I know Toronto is super expensive! is this even possible?? Of course we are happy to live in the suburbs

Thanks so much
Why not rent something until you get the lay of the land? The costs of selling and/or moving after a year or two would be significant should you decide another area or neighborhood is more suitable. Renting gives you a chance to let your downpayment grow while you explore and get settled.

We also recently sold our home and relocated to TO due to a job transfer but are leasing a condo until (a) we figure out where we want to be for at least the next 5-10 years and (b) we get a sense of how much the real estate market is going to correct.

Just an option to consider. I know home ownership is as much an emotional decision as it is a financial one. But renting might give you the opportunity to live closer to the city (and the office) instead of being forced to the outer burbs, where commuting just might make your experience more stressful and less fulfilling.
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Old 04-22-2013, 02:04 PM
 
Location: Toronto
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^^^^Sound advice.
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Old 04-22-2013, 04:21 PM
 
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Thanks so much!
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