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Commuter Cities

Posted by Wes Ayranto on Thursday, December 20th, 2018 at 2:28pm.

Freehold commuter cities 

Dream home vs Dream location.

Freeholds

Have you looked at commuter cities when you are looking into what is the anatomy of the perfect neighbourhood? What is your perfect house? Is it a freehold? Is it proximity to schools, parks, public transit, and entertainment areas? Do you need to feel the pulse of the city and have easy access to grocery stores, bars, and great restaurants all within walking distance? If you’re like most prospective homeowners, then you want it all. Did you know that some commuter cities have freeholds and all within your reach. The big question is how much are you willing to pay for that perfect postal code?

WHERE WILL YOU INVEST YOUR MONEY?  

If you’re looking to purchase a non-condo residential property in Toronto, Ontario then you’ll need a minimum family income of approximately $160,000 with 68% of that income going towards your mortgage payments. In recent years, people who work in Toronto but can’t afford to purchase a home close to work are buying homes in commuter cities. The top 3 ranked commuter cities, all approximately 50KM from Toronto are Ajax, Pickering, and Whitby with average commute times ranging from 2.4 to 3 hours a day round trip.

Have you looked at commuter cities when you are looking into what is the anatomy of the perfect neighbourhood? What is your perfect house? Is it a freehold? Is it proximity to schools, parks, public transit, and entertainment areas? Do you need to feel the pulse of the city and have easy access to grocery stores, bars, and great restaurants all within walking distance? If you’re like most prospective homeowners, then you want it all. The big question is how much are you willing to pay for that perfect postal code?

Has Barrie, Ontario been overlooked by these commuters?

In 2018, Barrie Freehold list prices were approximately $350/sqft* compared to $410/sqft* in Ajax, $430/sqft* in Pickering, and $380/sqft* in Whitby. Not only are homes more affordable in Barrie, but your commute to Toronto compared to the top 3 ranked commuter cities are comparable despite being 100KM away from Toronto.

The current commute time from the Barrie South GO Train Station to Union Station is approximately 3 hours round trip and there’s no need to worry about rush hour traffic or downtown Toronto parking fees. Barrie is working on making the commute even easier with the Barrie GO Expansion project.

By 2025, the Barrie GO Expansion will be complete meaning more frequent all day two - way GO train service from Barrie to Toronto (and numerous cities in between) everyday including weekends. With trains running every 30 minutes during rush hour and every 60 minutes during midday, evening, and weekends, getting downtown Toronto will be easier than ever.

Barrie still continues to be one of Canada’s fastest growing cities with low crime rates, affordable housing, and excellent education and health care facilities. Not only is Barrie close enough to Toronto for daily commuters, Barrie is close to parklands, a beautiful waterfront, and has a shorter commute for weekend cottagers.

When it comes to one of the biggest financial and lifestyle choices of your life, where do you want to invest your money and time?

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