DnO
New Member
Hey guys,
So I have been having a discussion with some friends regarding real estate and location. The arguement is that Toronto has already made its money and the house prices are pretty much capped, whereas Mississauga is still growing and has great potential. Basically the arguement my friend stated was that in 5 years if I bought a house in Toronto for say $350,000 and someone bought a house in Mississauga for the same price, the Mississauga house would be worth more... Now obviously the location is a factor but that is the basic premise.
Seeing as I am looking to buy in Toronto I was curious as to everyones opinion. Is it still good to buy in Toronto?
If I could get a good size lot in a decent / upcoming area in T.O. for say $350,000 and renovate it would it be worth it, or do you think the house prices are already at a high.
Personally I love T.O and am willing to pay the high prices for less house but better atmosphere..
What do you think?
So I have been having a discussion with some friends regarding real estate and location. The arguement is that Toronto has already made its money and the house prices are pretty much capped, whereas Mississauga is still growing and has great potential. Basically the arguement my friend stated was that in 5 years if I bought a house in Toronto for say $350,000 and someone bought a house in Mississauga for the same price, the Mississauga house would be worth more... Now obviously the location is a factor but that is the basic premise.
Seeing as I am looking to buy in Toronto I was curious as to everyones opinion. Is it still good to buy in Toronto?
If I could get a good size lot in a decent / upcoming area in T.O. for say $350,000 and renovate it would it be worth it, or do you think the house prices are already at a high.
Personally I love T.O and am willing to pay the high prices for less house but better atmosphere..
What do you think?