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October 19, 2010

Better home deals near Brampton, outside the GTA

By Charles Moffat - October 2010.

CANADA - If you are looking to buy a home in Toronto, or even Brampton or Mississauga then the prices of homes are ridiculously overpriced. Even in Brampton the price of a home will cost you $500,000 or more.

Instead savvy homebuyers are looking elsewhere, trying to find homes which are close enough to Toronto that they can easily commute, but also in a nice location that is affordable.

Enter Georgetown, a small town just west of Brampton. Homebuyers can get a townhome in downtown Georgetown, close to the Go Station for a mere $289,990. That is a MINDBOGGLINGLY good price compared to the $800,000 you'd spend to buy a home in Rosedale, or even the $500,000 or more you'd pay for a home in Brampton.

And commute time wise its just a short Go train ride to downtown Toronto, bypassing all the traffic nonsense on the way. If you work in downtown Toronto like I do it sounds pretty ideal.

I am getting my numbers from the Weavers Mill - Georgetown Homes website and other info about the project they have online. They're building a collection of townhouses in downtown Georgetown with a 'stylish' flair that is meant to attract young, hip Canadians to buy a home there because the homes in Toronto are too expensive and overpriced in comparison.

I personally would love to own a home in downtown Toronto, but frankly I can't afford it. But Georgetown I could afford and that makes it a very attractive proposition for me. The fact that its a townhome appeals to me too. It makes it more ideal for singles or young couples. If I get married and start looking for a place outside of Toronto, I hope there is still some homes left for me in that price range.

Below is a copy of a rendering of one of the townhomes from the Weavers Mill project. Looks good, doesn't it? The opening begins November 13th 2010.

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