Cost Of Living In The City

There are so many choices when it comes to living a city life in Canada. You can experience the convenience of living in a major centre mixed with a lot of small-town charm in a place like Halifax or you could live the posh life in a top-floor condo in downtown Toronto or Vancouver. Most people flock to cities because of the opportunities that urban life brings, from additional job prospects to exposure to many different cultures and lifestyles. But when you're looking for a home with an agent, you are usually going to need to pay much more than you would for the same size of home in a country setting.

If you're living right in the heart of any of Canada's major urban centres than one of the main things you will be paying for is location. Taking Toronto as an example, it is easy to see that the number of rooms in a home goes down as the prices go up when you are moving into the centre of the city. The average number of rooms in a central location is currently 1.5 bedroom and four rooms, while with places like condominiums and houses you would find on the majority real estate website, it's closer to three bedrooms and seven total rooms.

When looking at city homes you must always consider the differences between neighbourhoods. If you're working at a downtown salon and spa Edmonton based and you want to live within an easy commute of work, you will likely have a variety of neighbourhoods to choose from, each with their own average home prices. While the average cost of a home in the whole city might be $350,000 you could find a central area where homes are priced closer to $300,000. In most major cities, the higher priced neighbourhoods are usually those that are along the major transit routes and have easy access to great schools and amenities.

If you're interested in living in one of Canada's larger cities and you're not sure which is right for you, than you should consider the possibility of good employment in that centre. The average fulltime income in all of Canada's top ten cities is between $40,000 and $50,000 per year but each city has its own major industries. You may have more financial success working in a corporate company, even though the home prices are much lower in Alberta.

Canada is one of the most diverse countries in the world and it's likely that no matter which city you choose, you will find a home here. You could stay out late listening to salsa music on the weekends in Montreal or could hit the slopes after work in Vancouver.

Copyright (c) 2008 - is now

Wednesday, June 19, 2024