A Better Real Estate Deal In Winnipeg Than In Toronto!

Three years ago, there was a real boom in real estate in the state of Toronto. Our family who lived there took a decision to move out, and sold our town home. The result was a nice tidy sum, enough to pay off a previous mortgage, and give a good profit. The money we got from this sale enabled us to purchase a large house in Winnipeg. We paid in cash for a house that had four bedrooms in it and seemed to have plenty of character! The relocation and parting, though not very pleasant, was worth every penny!

Our big house is absolutely sprawling and the property boasts a double lot. If our home was located anywhere within the Toronto real estate market, there’s no way it would sell for less than $300,000. Fully renovated and depending on the exact location, the selling price could even be close to $500,000. So, how did we manage to land this real estate deal and claim our mortgage-free status? The real estate market in Winnipeg is one of the city’s best kept secrets. We’ve experienced a 20% increase in our market in the past three years. However, when we bought our home, we paid a measly $65,000 for a three story home in good condition. There are some cosmetic things that needed (and still need) to be done. My husband plans to install brand new hardwood flooring throughout the main living area. But these are minor concerns when considering what a home of this size and character would go for in the Toronto real estate market.

If one should peruse the listings of houses in Toronto, one would get a shock to discover that the prices of independent homes in the city are out of reach of the common man. They can only settle for condominiums or town homes. A big house sells for nothing less than $250,000. The condition of the house does not matter–the price is fixed. So most people cannot afford to buy houses in Toronto. They cannot opt for good neighborhoods or places with plenty of amenities or good conditions.

All the more reason for joy, when I learnt about this! The relocation has come at the right time! Winnipeg does not have a gridlock through which to battle for office goers. Since situations are better, people do not succumb to road rage. People can still afford to buy houses, as they are below $100,000. Even the neighborhoods offer a choice. Home owners can benefit from the many incentives offered by Manitoba Hydro. A person who buys a fixer-upper can install highly efficient furnaces plus new windows. The interest rates are reasonable on loans. There are also town homes and condominiums for sale. Additionally, compared to Toronto, the maintenance fees are but a fraction over here.

Thus, all types of people can adjust to Winnipeg, for the real estate prices are within affordable range unlike the city of Toronto.

This place is a boon for our children who are enjoying the big and open spaces. The family has learned to lead life at a slower pace, giving enough time to each other. Family and friends are far away, but not so far that we cannot keep in touch. This place came as a blessing three years ago, and we pat ourselves on our backs for making the right decision at the right time!