| A Better Real Estate Deal In Winnipeg Than In Toronto! |
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| Written by Gary Pearson | |||||||
| Saturday, 29 November 2008 11:26 | |||||||
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This is a true story of a family that relocated from Toronto to winnipeg, some three years ago. Real estate was booming in Toronto. So people opting to sell their houses ensured a tidy sum for themselves! When our family decided to sell our town home, prices were sky high; we ended up with a reasonably good profit margin. More than that actually, since we were able to shell down hard cash for a wonderful four-bedroomed house in Winnipeg. The new house is large and exhibits character, plus demands no mortgage. Though parting from friends and family was difficult, the change was well worth it!
This is a true story of a family that relocated from Toronto to winnipeg, some three years ago. Real estate was booming in Toronto. So people opting to sell their houses ensured a tidy sum for themselves! When our family decided to sell our town home, prices were sky high; we ended up with a reasonably good profit margin. More than that actually, since we were able to shell down hard cash for a wonderful four-bedroomed house in Winnipeg. The new house is large and exhibits character, plus demands no mortgage. Though parting from friends and family was difficult, the change was well worth it! Coming to the house itself, the property seemed almost double in size with a sprawling house in the center! If one could speculate how much such a house would have fetched in the Toronto real estate market, probably $300,000. And if it was renovated and placed in a popular location, the sale would have been close to $500,000. We had to shell out just $65,000 for this house as it needed some repairs. But with the estate prices going up by 20% year after year, should we decide to sell it, our profits are going to multiply manifold! Yes, a few repairs had to be carried out; some are still pending. Our plans include installing a brand new hardwood flooring for the entire living area. Whatever it may be, these are just minor problems, considering the size of the house and how less we paid for it! Recently I was browsing Toronto real estate listings, just to keep an eye on how the market is doing. I was shocked to realize that there are virtually no actual houses available for sale, regardless of condition, anywhere in the Toronto real estate market, for less than $250,000! I couldn't believe it. Anyone looking to buy in a lower price range is left to choose from townhomes and condominiums. There are no longer any affordable houses in the City of Toronto, regardless of neighborhood, condition or amenities. Obviously we're thrilled that we made our move when we did. We no longer battle through gridlock to and from work. Road rage is virtually non-existent in our city. There are tons of actual houses for sale well below $100,000 in a variety of neighborhoods to choose from. Manitoba Hydro offers several incentives for homeowners, so even if you buy a fixer-upper, you have options for installing brand new windows and high efficiency furnaces, without having to worry about high interest rates on your loan payments. And yes, we even have townhomes and condominiums for sale, but the maintenance fees are a fraction of what is demanded in Toronto's real estate market. Winnipeg truly has something for everyone. Our housing prices blow Toronto real estate costs out of the water... and that's just the beginning. This place is a boon for our children who are enjoying the big and open spaces. The family has learned to lead life at a slower pace, giving enough time to each other. Family and friends are far away, but not so far that we cannot keep in touch. This place came as a blessing three years ago, and we pat ourselves on our backs for making the right decision at the right time! About the Author: Dane Masters is an accomplished niche website author. to learn more about realestate value estmates, please visit realestate values for current articles and discussions.
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