It Is Smarter to Rent or Own in the Greater Toronto Area?
Posted by Frank Polsinello on
The Greater Toronto Area (GTA) is one of the fastest-growing metropolitan areas in Canada. With a booming economy, vibrant culture, and diverse population, it is no wonder that many people are considering moving to the GTA. However, one of the biggest decisions that people face when moving to a new city is whether to rent or own a home. In this article, we will explore the pros and cons of renting and owning a home in the Greater Toronto Area to help you make an informed decision.
I. The Cost of Living in the Greater Toronto Area
a. Housing Costs in the Greater Toronto Area
- The average cost of a home in the Greater Toronto Area is $1 million, making it one of the most expensive cities in Canada to buy a home.
- Renting…
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