The Greater Toronto Area, or GTA as it often called, includes the city of Toronto and neighbouring regions of Durham, Halton, Peel and York. The combined population is over six million which is no surprise when you factor in that the area includes the cities of Mississauga, Oshawa, Brampton, Richmond Hill, Burlington, Ajax and more. The entire area encompasses over seventy one hundred square kilometres so you can imagine the vast amounts of real estate available for those looking to buy.
From lakefront properties on Lake Ontario, Simcoe Lake and Kawartha Lakes to homes with views of Humber Valley, Golden Horseshoe, Heartlake Conservation Area or Oak Ridges Moraine for the nature lovers. Urban dwellers can live in high rise condos with million dollar views or condominium units in suburban areas close to schools and shopping malls. First time home buyers can opt for a townhome or semi-detached unit within the Brampton city limits while young professionals may choose to pay a higher premium for a downtown Toronto condo which puts them closer to work and nightlife. Growing families have a vast amount of detached single family homes to choose throughout the GTA, with most area offering public transportation like city buses and access to the GO train. Residents can also use the subway if they want to avoid commuter traffic congestion often found throughout this large area.
Where you buy real estate in the Greater Toronto Area will largely depend on your finances and budget. Typically the further out you venture from the city of Toronto the more affordable places will be. In Milton a three bedroom condo could run two hundred thousand dollars and up, whereas in Toronto the same condo could start with a million dollar asking price. A person looking to relocate to the area should contact a real estate agent with experience and knowledge of the local area, and determine what amenities and features are most important to them. The real estate agent will be able to take into consideration their budget and desired location and see what types or real estate possibilities there may be.
If properties are well out of the price range, the home buyer may choose to start looking further out from city limits or downsizing to a smaller dwelling. Within the greater Toronto area you will find property sizes ranging from ten thousand square feet right down to a studio apartment. For some, size is not as important as the location. No matter where you look in the area, you will find a great quantity of amazing properties. From lofts built from abandoned industrial buildings to two hundred year old homes returned to their original beauty. There are new builds going on every day and often a wait list for new condo developments. Your chances of finding the home of your dreams in the greater Toronto area are high, so contact a local real estate agent to help you get started!