What are the 3 rules of Real Estate...?
You must have heard it before! No, matter where you want to live, Central Toronto North York, Thornhill or anywhere in the greater Toronto Area (GTA)
Location, Location, Location!
|That's right. The most important of all the criteria. If you look at the chart above Location represents the largest factor in determining the value of your real estate purchase whether it be a condo or a freehold home. Location always accounts for the most, followed by size, condition & amenities and financing.
If you want to be walking distance to the subway in North York or central Toronto, likely your budget will have to be commensurate with the popularity and demand of such a locale. Can you change your desired location in order to increase the size or style of your home? Of course, this is the personal journey that we help our clients with each and every day. Unless you have unlimited funds there is always a trade off. Just make sure that your main priorities are satisfied first.
A true example of a Value Priority is this week's featured home. If you want something similar in North York it will cost you almost double the price.