When it comes to the southern portion of Ontario, people have a lot of choices to make. Do they want to live in a London zip, or make a life for themselves in the big city? For some people, it can be hard to decide between the two after they sell their Milton condominiums. Let's take a look at what both cities have to offer.
London
We'll start with London, if for no other reason than it is the halfway point between Toronto Lofts and detached houses in Windsor.
London, of course, is the smaller of the two cities by far. There are about 360,000 people living there. That means it is no slouch in terms of size, especially when other Canadian cities are considered. There are lots of things to do and places to work in London, where the economy is still stable and all signs point towards an upswing.
In addition, London still has plenty of green space in the form of rivers, parks, and lakefronts. There's little pollution and no real high crime areas, as can be found in the larger city of Toronto.
Many people are also attracted to London because of the prices of real estate in the area. In fact, the cost of living in Toronto and London are so different, an outside observer might have a hard time believing they were located in the same country, let alone the same province! A person selling a detached dwelling in London would have to settle for a Toronto townhome, or even less, for the price they gained. Toronto is just so large, and so wealthy, that real estate prices are out of reach for most people.
Toronto
On the other hand, that large population does have its benefits. Toronto's so big, the economy is guaranteed to be stable. There is always work, and work in a diverse amount of areas. For the entrepreneur, there is a market which might as well be limitless. With five million people, a few hundred thousand are bound to want what you have to offer!
London's social opportunities also can't compete with Toronto. Many people with Toronto lofts have a view of the zoo that accompanies the International Film Festival there each year. There are parades, sports, and entertainment opportunities of all kinds. When it comes to options in all areas, nowhere in Canada can truly compete with Toronto.
That applies to real estate as well. No matter what your ideal style of living may be, you will find the perfect setting in the big city. As for prices, one could argue that while they are high initially, the trade off will be beneficial for anyone moving out of the city one day. Townhomes Toronto residents purchase today are guaranteed to go up in price, a healthy investment for your retirement years.
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