The Salary You Need to Buy a Home in Cities Across Canada - Good Info

[MortgageQueen]

You are right TJ. Hamilton is one of the fastest (if not THE fastest) growing in real estate sales.
Barrie is similar. Oshawa and Ajax also for those that work in the east end of Toronto.

[xbbx]

Sad thing is that renting ain't cheap either! You want to rent a condo that is 500-600ish sqft that will cost you $1000-1400 /month and that's in Langley which is 45 min - hour away from Vancouver. Scary!

Wow.

I heard from a classmate, who was selling her place, tell me that a lot of strata don't allow renting.

my friend got lucky and found a place to rent for 1k/month. I don't know the size of the place but for a 2 bed room it seems decent.

My boyfriend predicts he'll have a hard time selling his condo.

[tjthemanto]

Wow.

I heard from a classmate, who was selling her place, tell me that a lot of strata don't allow renting.

my friend got lucky and found a place to rent for 1k/month. I don't know the size of the place but for a 2 bed room it seems decent.

My boyfriend predicts he'll have a hard time selling his condo.

Yes , I have a friend in BC ..who owns a townhouse ..he wants to rent it , but he can't as his complex doesn't allow renting .

I think there is some hardship clause, under which he can rent under extreme circimstances ..but he doesn't qualify for that.

But usually condos ( In Buildings ) don't have this NO renting clause..but lot of townhouse condos/complexes seem to have it .

[tjthemanto]

You are right TJ. Hamilton is one of the fastest (if not THE fastest) growing in real estate sales.
Barrie is similar. Oshawa and Ajax also for those that work in the east end of Toronto.

Barrie is a nice place ..except for the snow as it comes under the snow belt & gets lot of lake effect snow. But in summer you can have beautiful lakes & even beaches

Its not that far from Toronto, but I was surprised, how much snow it gets..probably twice as much as Toronto.

[MortgageQueen]

You may be surprised to hear the last few years, Toronto and Barrie had similar amounts. But Barrie tends to "hold on" to it longer as it's aprox. 2 or 3 degrees colder. But some people prefer white to slush.

[Frugalbigmama]

Barrie is getting like Toronto that's why I had to get out of there. Donut shops and $ stores. Took forever to get anywhere.

[harbie]

Yes , I have a friend in BC ..who owns a townhouse ..he wants to rent it , but he can't as his complex doesn't allow renting .

I think there is some hardship clause, under which he can rent under extreme circimstances ..but he doesn't qualify for that.

But usually condos ( In Buildings ) don't have this NO renting clause..but lot of townhouse condos/complexes seem to have it .

New construction condo and townhomes are allowed rentals. Their is a law in place that doesn't allow Stratas to impose a no rental rule. Now once strata is formed they can limit the number of rentals allowed.

When DH and I sold our condo we sold quickly (2weeks on the market at Christmas time) but since our strata didn't allow rentals we couldn't rent or sell to an investor which would have meant our place would have sold in a few hours (we had an amazing realtor with a lot of connections) and all this even after the crash.

I think condos sell better since they are lower $$$ than houses.

This house is 988sqft 2bd 1bath that is listed at $468,880 and is facing pacific hwy (very busy road) and is currently renting for $1200/month!

[MortgageQueen]

Barrie is getting like Toronto that's why I had to get out of there. Donut shops and $ stores. Took forever to get anywhere.

​I hear ya. . . once a street get's more than 2 traffic lights, it's time to move on! Lol

[Andit]

Apparently, housing costs are all your parents' fault:

http://www.thestar.com/business/2015...ding-wars.html

[tjthemanto]

You may be surprised to hear the last few years, Toronto and Barrie had similar amounts. But Barrie tends to "hold on" to it longer as it's aprox. 2 or 3 degrees colder. But some people prefer white to slush.

I think its more windy in Barrie as its more open than Toronto, so you get more blowing snow and more whiteout conditions. The snow already on the ground tends to blow from one side to another and vice versa due to the high winds.

That's why lot of times on highway 400 in Barrie there are more whiteouts and slick conditions than say 401 in Toronto.

[Shwa Girl]

Barrie is similar. Oshawa and Ajax also for those that work in the east end of Toronto.

many people living in Oshawa and Ajax work in Toronto and Mississauga
prices in Ajax and The Shwa going up and hwy 401 expanding to 12 lanes between Whitby and Oshawa. Highway 407 toll high way construction is well on it's way, up to Oshawa and hwy 35/115 (Peterborough & Lindsay way)

[MortgageQueen]

I think its more windy in Barrie as its more open than Toronto, so you get more blowing snow and more whiteout conditions. The snow already on the ground tends to blow from one side to another and vice versa due to the high winds.

That's why lot of times on highway 400 in Barrie there are more whiteouts and slick conditions than say 401 in Toronto.

​For sure it is. More open space by far. Guess that's the attraction for most people. Bigger house. . .bigger yard. . . bigger drive. . .bigger wind.

[AlexM1359]

interesting info
I guess you need to marry rich or go live in the boonies

[tjthemanto]

interesting info
I guess you need to marry rich or go live in the boonies

Or wait for Inheritance from your parents

[Meeeks85]

Dh and i just rented out our townhouse in the suburbs of Vancouver. Rent covered all housing costs for that house while we moved back home for free . We want a house with a backyard for our daughter not a patch of grass in our townhouse. This was the only way to do it plus the extra help with my daughter is awesome!