If “thirty is the new twenty,” which I friggin’ hope it is, since I’m turning 35-years-old this summer, then $600,000 is the new $500,000 when it comes to freehold houses in Toronto.
I don’t want to say, flat out, that you can’t get a freehold home for $500,000 in Toronto, but it’s getting tougher and tougher to find houses that are even priced that low, let alone sell for anything close to that.
So if you find yourself in this camp, you’re going to have to make a sacrifice, or two, or three.
Let’s go through a list of items you NEED to evaluate before, and during, your search for an entry-level home in Toronto…