7 Reasons To Live In Stoney Creek, Ontario, Canada

Reasons to Live in Stoney Creek in Ontario, Canada.jpg

Are you planning to move to a beautiful Ontario city? Here we present some good Reasons To Live In Stoney Creek, Ontario, Canada.

Where you live determines the kind of livelihood you will get. You cannot live in an area where crime rate is high and you expect a peaceful life. You can’t also live where there is no standard living and you expect to get one. If you want an area where highly ranked schools, marketplace, train station and great neighbourhood are, you get to choose Stoney Creek.

It’s a place where you get to achieve that dream of a great lifestyle. Do you wonder how beautiful it is to wake up and behold a beautiful natured environment with great serenity and around in  it also lies waterfalls, Stoney Creek is the place to live? Also coupled with its beautiful nature, is a modern life, exciting geography and a great history.

Stoney Creek Location

It is a community that is located in the city of Hamilton within the Canadian province of Ontario, not far away from Toronto. Commuting in Stoney Creek is never a problem for its residents as it is connected to 403 and 407 highway and  Hamilton GO station and QEW.

7 Advantages of Living in Stoney Creek, Ontario

Here are some of the advantages of living in a sub-urban city like Stoney Creek in Ontario, Canada.

1. Opportunity for A Good Real Estate 

From research and collated statistics, Stoney Creek is said to be the most preferred choice for most Canadian citizens and foreigners. You don’t have to go too far or stress yourself about the best house to buy and where to buy it. The most interesting part is, that you get yourself some money, that is if you choose to live in Stoney Creek.

As per records, Stoney Creek has broken records in the real estate development section due to their mountains and Lake Ontario waterfront. This record break has brought about the development of new condos and buildings.

People keep moving from Ontario cities to Stoney Creek to have a better life. This area offers more value for your money as you get a bigger house with exciting upgrades at a lesser price as compared to Toronto homes.

Stoney Creek has been since 1984 and in 2001 it was joined with six cities to form the new city of Hamilton. Its rural community consists of Winona, Elfrida and Fruitland. Also, Stoney Creek is 40 minutes drive from Toronto, Ontario.

2. It’s Beautiful Nature

What makes it stand out is the conservation and nature of this area. For example, it has a conservation area called the Devil’s Punchbowl. The waterfall in this conservation area is a beauty to behold, so serene nature. Apart from this, the Niagara Escarpment waterfall is a haven which also encapsulates various other activities like biking, trekking, photography and hiking.

3. High-ranking Schools

When looking before where to settle, one of the factors that should be considered is how good the schools in that area are. Stoney Creek elementary schools are worth mentioning, as they are highly ranked as one of the best schools in Canada.  And we all know that placing your child or children in a good school has a lot to do with their growth.  The good schools in Stoney Creek have been one of the reasons people keep moving in.

4. Great Canadian History

Due to the war that happened in 1812 when the Americans wanted to capture some parts of Canada which they later lost, a park museum and Battlefield house Museum were established. And due to the victory they had, every year, this battle is re-performed for thousands of spectators. People from various parts just for this reason travel down to Stoney creek for this ceremony. And this is what one shouldn’t miss.

5. Stoney Creek Restaurants

There is nothing good about a city if there are no better restaurants to feed one's stomach. There are lots of great restaurants where you can get various dishes that best suit your cravings at any moment. Restaurants like Edgewater Manor restaurant, Chicago-style Pizza Shack, the Village Restaurant, Punch Bowl Country  Market, Canon Coffee Co., Thai Orchid Maria’s fifties diner and lots more.

6. Wineries

This area is known for their wine yards and boutique wineries. They have got some of the best wines in the world. There are various vineyards best known for their great products as they have been in this business for more than 4 decades. There are lots of places to tour and taste wines in Stoney Creek.

7. Movie House

What does ending the day with night movies sound like or do getaway weekends filled with movies? Sounds fun, right? When it comes to entertainment, Stoney creek has it all with their Cineplex Theatres, drive-in movies and their local community theatre also. All the above-mentioned places are enough to grab this great opportunity of owning a home in Stoney creek

Disadvantages of Living in Stoney Creek, Ontario

Here are some of the disadvantages of living in a sub-urban city like Stoney Creek in Ontario, Canada.

1. Routes can be changed at any time

Sometimes, driving downtown can be exhausting. This happens when there are lots of tourists around as they try to alter their traffic lanes just to reduce heavy traffic. This might become frustrating while using your GPS as you might suddenly need to change your route. It might be hard in the beginning but with time, you eventually get used to it.

2. Packed up Tourist Centers

As an introvert, there are some particular times that you won’t want to go out. The waterfall in the area attracts lots of tourists and can be highly packed during weekends. If you want to unwind as an extrovert, Saturdays shouldn’t be a choice; you can choose to go during the week.

3. Bad road caused by Steel

The steel industries in the area deplete the road mistimed thereby, leading to bad roads. Hence, they need to be reconstructed from time to time.

You may also consider Oakville in Ontario before taking the big decision of buying a house in a Canadian city.

How is it Living in Stoney Creek, Ontario?

Living in Stoney Creek is a great choice as it has exciting places to live, work, and play. The environment with great serenity cannot be overemphasized with a great welcoming community. Stoney Creek as one of Ontario cities has got you covered for all your housing needs.


Last Updated: 

2022-12-07

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Is Ajax in Ontario (Canada) a Good Place to Live?

Are you thinking of moving to Toronto suburbs? You might have you heard about Ajax, a popular town in Durham region in Ontario. Are you looking for a house, and wondering, **Is Ajax in Ontario, Canada a good and safe place to live?** Let's find out the answer while discussing the pros and cons of living in this area. Ajax (Southern Ontario) ----------------------- Located in the eastern part of the Greater Toronto Area(GTA), **Ajax** has become one of the most-sought for families and millennials. This is not surprising as this [**Toronto suburb area**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow) has experienced the fastest growth over the years. It depicts a true reflection of rich cultural diversity, which makes it a melting pot of different cultures and cuisines. Another plus to it is that it has a lower crime rate than the Ontario average. This alone is enough to make it an appealing place for anyone escaping the hustle bustle of the city for a quieter life in the suburb area. Planning to move to Ajax? Here is a definitive guide containing the pros and cons of living in Ajax to help you make informed decisions. Advantages of Living in Ajax, Ontario ------------------------------------- Let's have a look at some of the advantages of living in Ajax, Ontario: ### 1\. Surround Yourself with Nature If you are looking for a place to get lost in nature, Ajax is the right one. Ajax boasts of picturesque lake with a wealth of green views. For ones, the Greenwood conservative area has beautiful scenery with a mix combo of grasslands, coniferous forests and a number of hiking trails. Whether you want to go hiking, fishing or skiing, this park is enough to get your weekend fun-filled. Moreover, you can decide to take a walk along the Paradise beach and enjoy a lazy afternoon with your family. ### 2\. So much to Enjoy Synonymous with great gaming, horse racing, electronic table games, Ajax is one-stop-shop for all things entertainment. Ajax has been known for its Quarter horse racing since 1969. It hosts Canada's high-ranking quarter race track annually and it's one of the biggest attractions Ajax takes pride in. Aside from that, there is an Ajax casino where you can spend the evening trying your luck and enjoying the whole electronic game. Need a beautiful kids day out? Children can have some adrenaline-pumping games at Endless fun. ###  **3. Appreciate the Arts** Ajax is remarkable for its rich history and culture. You can get immersed in various shows at St Francis centre that houses different varieties of performances, artists throughout the year. Visit one of the gallery spaces to take in the unique, beautiful work of art. Explore the many memorials, and art pieces showcased at the council chambers lobby of town hall. Art enthusiasts have got a lot to enjoy. 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Whether you have to go shopping, visit plazas, dining out, groceries, you need a car to get you going. Besides, Ajax run on a rudimentary transit system and it isn't as robust as Toronto transit. If you plan to visit any city nearby, there aren't no transit system that runs frequently. It's also a hassle if you stay out late in downtown except you have a car. Hence, ensure you have access to a car in order to have a hassle-free stay in Ajax. Do remember to explore the [**Best 10 Cities to Live in Ontario, Canada**](https://getnewhouse.ca/blog/top-10-best-cities-to-live-in-ontario-canada). Living in Ajax, Ontario (Canada) -------------------------------- Overall, Ajax is a **good place to live** to live with a lot of benefits to avail of. While some love the diversity, arts and culture and praise the housing affordability. Others find the limited transit system a big deal and couldn't cope with the heavy traffic. It all stems down on your needs. Despite the downsides, Ajax still remain many favorites and it's better if you take the plunge and come find out everything it has to offer. Now, whether you are [**renting or buying a house in Ontario (Canada)**](https://getnewhouse.ca/blog/renting-vs-buying-home-canada-better/), the above details will be surely help you. A perfect guide to take an informed decision and ensure you have a successful stay in the town. _After knowing the pros and cons of living in this city, what do you think? Is Ajax, Ontario a good place to live? Do share your views and experiences thereon._

Is Pickering in Ontario (Canada) a Good Place to Live?

Have you heard of Pickering, a beautiful city located in Southern Ontario? Are you looking for a new house? Are you thinking, **Is Pickering (Ontario) a good place to live?** Is it safe to move in? What are the pros and cons of living in sub-urban cities? Let's get answers to your queries. Pickering (Southern Ontario) ---------------------------- Pickering is a unique city to settle down in Southern Ontario. It is primarily a residential community, family-friendly with parks, cultural attractions, and great outdoor recreation opportunities. Are you considering moving to Pickering or debating a different city in Ontario? It is essential to look at what the city entails. Pickering was officially incorporated in 2000. There were over 90,000 residents, according to the 2016 census. It offers features of an enormous city, scenery, amenities, and a strong sense of community while maintaining a small-town feel. Its proximity and easy access to Toronto while ensuring a slower-paced lifestyle make many people consider moving to this idyllic area. Languages such as Chinese, Japanese, Spanish, and Arabic are also spoken around the town, although the majority still speak English. Don't miss to explore Ajax, another beautiful city in Southern Ontario and also know if [**Ajax is a good place to live**](https://getnewhouse.ca/blog/is-ajax-in-ontario-good-place-to-live-canada/). Pickering Lifestyle ------------------- Pickering is perfect for people wanting to provide their families with a suburban lifestyle. It offers anything a large city will have such as **recreation centers, shopping malls, community events**, and many more. It is also a major attraction for those who wish to escape the concrete jungle. The city center has over 200 shops, including Sears and The Bay. So you can spend your afternoon shopping in a quiet, suburban community. Your kids are also safe, and you get to do any activity you love doing when living in the city. Pickering's strong sense of community is also one of the many things that draw people to it. The city has a wide range of cultural and art events. These allow the people to view and participate in exhibits, shows, and theatre. The **Pickering Museum Village** also shows the pride of the community while offering a glimpse back at those who came before. The city has theatres while ensuring the love of arts and culture stays alive with music from local talent. Enjoying nature comes by itself for those living in this city. It has hectares of open space, beautiful parks, waterfront, and beach area. Your children can enjoy their evening at the lakeside splash pad while you enjoy the unique boutiques, restaurants, and live music. The city's breathtaking scenery gives a mind-blowing experience while taking a quiet stroll through nature. Connect with nature without leaving the comfort of your city. Housing in Pickering -------------------- Pickering is one of the most affordable cities out of the 23 regions of the Greater Toronto Area. The average housing price in Pickering is around $1.1 million, which is affordable compared to other cities. However, the hot housing market seems to have cooled off a bit! Let's see will the [**housing market crash in Ontario**](https://getnewhouse.ca/blog/will-housing-market-crash-in-canada-reasons/) or its just a little price correction of the overpriced real estate industry! The Province of Ontario has also designated Pickering as an urban growth center to receive more development allowances and population. There are several areas where you can choose to live in. Places like **Claremont** are best if you are interested in stepping back from city life and having a rural feel. **The Frenchman Bay area** is perfect for people that enjoy staying in the city. Smack dab is also a stone's throw from transportation, dining, shopping, and other modern activities. Amberlea, Duffin Heights, and  Rosebank offer a more traditional, suburban setting to settle down and raise a family. _Do you know about any other good to go places in this city?_ Education in Pickering ---------------------- The education offered in Pickering will set your children up for success no matter your choice of the school board. The schools are excellent and fall nothing short of providing the best schools your children need The Durham District School Board, Durham Catholic District School Board, and others have schools operating in the city. Institutes like Blaisdale Montessori School and Durham College/Centennial College have several complementary courses and classes. There are also private schools like Pickering Christian School and Wasdell Academy. Additionally, the University of Toronto is just a few kilometers from Pickering. Pros of Living in Pickering --------------------------- Here are some of the advantages of moving to a sub-urban city with a relatively less population and open spaces: ### 1\. Convenient and Affordable Pickering has access to major freeways and is close to big cities, making it a great option for commuters. It is also a top choice for people who want to find higher-paying jobs at corporations. Other cities within a short commuting distance include Whitby, Brampton, and Aurora. Anyone who knows about housing in Canada knows cities close to the Greater Toronto Area are super expensive. But Pickering is more affordable than other parts of the GTA. The median price of a house in Toronto is much higher than its suburbs. However, the cost of a house in Pickering is still affordable. So, Pickering is a good choice if you want to live in this region. With that said, prices have risen in recent years and are likely to continue to do so. ### 2\. Better Outdoor Recreation Pickering is located on the shores of Lake Ontario, creating excellent outdoor recreation activities. Being able to explore the lakefront at its perks is a phenomenal experience. Some properties also allow people to rent surfboards and head out onto the water. Pickering is also an excellent city for cycling, biking, and hiking trails. You can also go to Frenchman’s Bay Harbour to see the boats at the dock and walk around the marina near the water to enjoy its natural beauty. Other recreation activities include boating, sailing, and swimming. ### 3\. Excellent Arts and Culture Pickering is a great place to know cultures and have fun. This city, one of the [**best Toronto suburbs**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow) has several excellent arts and culture initiatives. The city hosts events throughout the year like Arts Unleashed and Culture Days to celebrate arts and culture. The Pickering Museum Village also helps preserve its history, allowing trips for students and teachers. The residents and guests can also learn about the history of Pickering.  ### 4\. Better Employment Opportunity Living in Pickering provides good job prospects. Pickering Nuclear Generating Station has the largest employer with more than  4,5000 employees. Other major employers in Pickering include Rogers Communication, Norinco Manufacturing, Purdue Pharma Canada, and Signature Aluminum Canada Inc. etc. Not only this, Pickering's proximity to Toronto allows residents to maximize their job prospects by looking for work in the city. Also, don't miss to learn [**7 Reasons to Live in Stoney Creek, Ontario, Canada**](https://getnewhouse.ca/blog/reasons-to-live-in-stoney-creek-ontario-canada/) Is Pickering a good place to live? ---------------------------------- So, what can you conclude after analyzing the pros of living in this sub-urban city of Ontario. Pickering is a good place to live and one of the preferred [**Ontario cities**](https://getnewhouse.ca/blog/top-10-best-cities-to-live-in-ontario-canada) with great outdoor recreation, and employment opportunities. There is also quick access to Toronto, and generally affordable housing for the region. What more to look for? If you are staying in Pickering or planning to move there, let us know is it a good place to live. Do share your experiences and suggestions. And what do you prefer, detached or semis, or [**pre-construction or new construction**](https://getnewhouse.ca/blog/is-new-construction-good-investment-property-ontario-canada/) condo units? Whichever you choose, take a wise decision.

Top 10 Best Cities to Live in Ontario, Canada

Are you thinking of moving to the Province of Ontario in Canada? Wondering, which city to move and settle down? Here we present a collection of the **10 Best Cities to Live in Ontario, Canada**. Cities in Ontario, Canada ------------------------- The **Ontario cities** offer greater access to housing, food, healthcare, employment, and quality of education. It also assures freedom, political stability, a quality environment, and job security. These cities are considered safe places to live and offer an incredible lifestyle. While there are amazing cities in this part of Canada, there are also some places to avoid. Here are the 10 best places to live in Ontario, Canada. Best 10 Cities to Live in Ontario, Canada ----------------------------------------- Let's catch up with the preferred Ontario cities and dig deeper into the pros and cons of living there. 1\. Burlington -------------- Burlington is tagged as one of the best cities to live in Ontario. A great city located on Lake Ontario between Hamilton and Oakville. It is about a 45 to 60 minutes drive from Toronto and offers a good location and natural scenery. Its proximity to major industrial hubs and nearby cities makes [Burlington a great place to settle down](https://getnewhouse.ca/blog/is-burlington-a-good-place-to-live-ontario). The average home price of a detached house in Burlington is about $1.1 million. The city is a waterfront city that offers a unique balance of greenspace, city living, and tranquility. Plus a bustling environment that features restaurants, nightlife, malls, and local businesses. Crime rates are lower when compared to major cities, making it a safe place to live. 2\. Oakville ------------ Oakville is a suburban town within the Halton Region and part of the Greater Toronto Area. It is known for its beauty, cleanliness, and safety, with green recreational spaces and several parks. The city is a family-friendly place to live, with excellent schools and family-oriented activities. Oakville's median a detached house price is around $1.5 million. The city has been ranked as one of the best places to live in Canada for many reasons. The diversity of the housing stock and beautifully designed homes make it a desirable place for many residents. To get more information, don't forget to discover, [**Is Oakville in Ontario a good place to live?**](https://getnewhouse.ca/blog/is-oakville-ontario-canada-good-place-to-live/) 3\. Waterloo ------------ Waterloo is the best for you if affordability is one of your prime concerns when moving to Ontario. It offers a unique blend of urban and rural living with a growing tech and innovation hub, top learning institutions, and business parks. Its proximity to Toronto also makes the region an attractive place to settle. Waterloo's housing price is just over $700,000, making it far more affordable than the properties in Toronto. Also, there are job opportunities in Waterloo. So its residents do not necessarily need to find employment in Toronto. 4\. Thunder Bay --------------- Do you want to live somewhere safe with an outdoor lifestyle and job opportunities? You might think of living in Thunder Bay in Ontario. It is a large city near Lake Superior. Its location on a freshwater lake makes it spectacular and nature friendly. There are many outdoor adventures for the residents. These include fishing, hunting, and hiking. Also, this city is ideal for people who want reasonably affordable housing with many amenities. 5\. Stratford ------------- Stratford is a city on the Avon River and one of the best places to settle in Ontario, Canada. The city offers the best of both worlds with the comforts of urban living alongside a small-town feeling. It is known for its incredible annual festivals. Each year, a different part of the city acts a variety of the noble Shakespeare plays as drama viewed as part of their annual Stratford Festival. Stratford's weather is not harsh, and the crime rate is low compared to Ontario. The unemployment rate in Stratford is low due to the diverse job opportunities in the area. It's also a safe place to live. 6\. Kingston ------------ Kingston is a beautiful city with a lot of history and islands. It is family-friendly and thus suitable for anyone that wants a peaceful life for their children. The city has a cultural community, making it ideal for someone interested in theatre, arts, or music. Kingston has a good food scene and great restaurants, and the housing is affordable compared to other cities. 7\. Barrie ---------- Barrie is a city with every amenity you need to live a happy and fulfilled life. It offers city living on the beautiful Lake Simcoe in proximity to Toronto. The average cost of a home in Barrie is just over $700,000, with an abundance of nature, sports, and many activities. Barrie's is home to several gourmet restaurants, cafes, bars, breweries, and nightclubs. The city also has a mountain resort and spa. 8\. Hamilton ------------ Hamilton is one of Canada’s leading industrial centers and the hub of an extensive fruit-growing district. It is considered one of the best places to live in Ontario, with natural landscapes, trails, waterfalls, and beautiful lookouts. It is known for its high-quality life, arts, heritage, and cultural scenes. Hamilton is also conveniently located within a network of highways making it easy to commute to other cities for work or leisure activities. 9\. Toronto ----------- Toronto, the Capital of Ontario Province, is one of the preferred cities to move not only for Canadians but immigrants too. The city has over two million residents and is one of the best places to live in Ontario. It has people from different communities and is the most populated city in Canada. You also have a lot of [fun activities to do in Toronto](https://getnewhouse.ca/blog/what-are-best-fun-activities-in-toronto-in-ontario-in-canada-for-adults), and this makes it a favorite tourist destination. Toronto is Canada’s financial capital and home to many private IT companies with a stable economy, making it conducive for business. It offers the perfect mix of business, culture, and entertainment and is one of the world’s most economically powerful cities. However, it is an expensive city to live, owing to the rising inflation, increased housing rents, higher mortgage rates, etc. Toronto has an average home price of $1 million for a two bedroom house. Doesn't that sound too much? If yes, you can also think of moving to one of the [**Best Toronto Suburbs to live and grow**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow). No doubt, Toronto is one of the best options if finding good employment is your priority as there are opportunities across numerous industries. 10\. Ottawa ----------- Do you prefer living in an urban environment where many things are going on? Then Ottawa is ideally the best place for you. It is one of the most affordable places to live in Canada, as the average price of a home is under $800000. Also, it is the best place to live for job opportunities across multiple sectors. The city is rich in history from the buildings and museums. It is highly populated and the best place with beautiful nature for walking, skating and hiking. This beautiful city is known for hosting a series of festivals year-round with ideal and pleasant weather conditions. Ottawa is known for low crime rates and guaranteed healthcare services in the city. **Note:** The housing prices stated above are based on **Housing Market Report for September 2022**. These are subject to change as per changes in market scenario. The Canadian real estate market prices are fluctuating at a much faster rate owing to changes in interest rates and demand/supply factors. ### Which are the best cities in Ontario for living? Moving to one of the **best cities in Ontario** can be a big decision with a lot of challenges. Therefore, make adequate efforts to ensure you understand what you are getting yourself into. Do proper research, analyze the advantages and disadvantages of living in a particular city, and then go ahead to get your dream home. _What do you think? Which is the best city to live in Ontario? Feel free to share your feedback and suggestions._

Is Oakville in Ontario (Canada) a good place to live?

**Have you heard of Oakville in Ontario, Canada? Wondering if Oakville is a good place to live.** Let's get a clear picture of the pros and cons of living in a sub-urban city like Oakville. To move from where you've previously to another new area is an exciting, but a tiring prospect. Not only do you need to research good places to live in, but you also need to plan, prepare, pack, and move. The packing process is sometimes fun, whereas the unpacking process is quite tedious. So, if you are thinking of moving to a new area in Canada, research the area. Find out if the place is safe for your family, conducive, and affordable to live in. One prime example of a good place you can move to is Oakville, Canada. Think about nature, places of attraction, ease of transport, affordable housing, and low crime rates, **Oakville** has it all. In addition, you can invest in **real estate** in **Oakville**. Oakville in Ontario, Canada - A Glimpse --------------------------------------- Oakville is located in Ontario, Canada, in the northern part of the American continent. It is the biggest town among all towns in Ontario, with thousands of residents living there. When you look at the Canadian map, you will find Oakville on Lake Ontario. It is also closer to Ontario, but retains its suburban look and features. Therefore, it's a **good place to live** for people who love quiet areas. Furthermore, Oakville is surrounded by wonderful places of attraction and nature. It's a place where you can rest assured of your family's safety. You can take your family out to enjoy the calming atmosphere of the Oakville environment. It's no wonder Canadians are relocating to Oakville every day. Oakville Climate and Weather Conditions --------------------------------------- Oakville's climate can be described as humid, especially in the summer season. In the winter season, Oakville has a dry and freezing temperature with lots of wind. However, Oakville doesn't freeze below three degrees, unlike other towns. According to weather statistics, Oakville has hot summers, so much so that people find ways to cool off. It can rise as high as ninety degrees during the hottest days. Oakville Governing Council/Bodies --------------------------------- The town has a governing town council that comprises the council members and the mayor. In addition, Oakville is divided into two provinces, and each province has its own representative members. You may also like to explore [Best Toronto Suburbs for Families to Live & Grow](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow) How Can You Benefit From Living in Oakville? -------------------------------------------- Oakville Town has many things to offer its residents. Residents don't need to go to other towns to enjoy their parks. They can stay in Oakville and visits the many parks there. The best time to enjoy the parks is during the fall season. There are also lakes with stunning views in Oakville. Sports enthusiasts are not left behind as Oakville offers many outdoor activities. Reasons, why you should stay in Oakville, are: ### 1\. Job Opportunities: It may be due to its small population, but Oakville has different job vacancies for its residents. It is also worthwhile to note that several big firms are present in Oakville. Thus, if you plan to stay there, here are major hiring sectors you may choose from: education, healthcare, transport, automobile, and the government sector. Another employment option is to go and work in Toronto, since it's close by while you live in Oakville. You don't need to worry about transportation because Oakville has different modes of efficient transportation. Additionally, Oakville residents have the highest average income in Canada. ### 2\. Safety: Oakville has a low crime rate, making it one of the safest Canadian towns to live in. The local police monitor the town and ensure the place is safe to live in. The law enforcement officers also maintain law and order in Oakville. ### 3\. Sports Facilities: Sports enthusiasts and families with kids will adore Oakville for providing sports facilities. Nearly every Oakville resident is engaged in one form of sport or the other. Children who are active in sports can choose from golf, baseball, lacrosse, and soccer. Furthermore, Oakville's skating club is known as the largest Canadian skating club. ### 4\. Cultural Diversity: Oakville has a diverse population with different cultures, religions, and traditions. So if you belong to a minority group, you'll feel at home in Oakville. Each cultural group is friendly and accepting of other cultural groups. Whether you are a Christian Muslim, Hindu, Sikh, Judaist, or Buddhist, you'll be welcome and find a place to worship. Additionally, Oakville has thriving arts and culture centers and events in place. They are governed by councils who ensure everything goes smoothly. The Councils conduct film festivals, movie showings, and live stage performances. The town also holds events like concerts in an auditorium for residents to enjoy. ### 5\. Education: Oakville has several universities, high schools, preschools, and kindergartens that are well-equipped. Its educational system is of a good standard. The schools are not too far from each other and have well-qualified teaching and non-teaching staff. ### 6\. Transportation: Oakville has various means of transportation. It has two main highways, a Metro, and a railway station. Similarly, Oakville boasts of an airport that is close to the capital. ### 7\. Places of Attraction: After a hard day at work, the next thing is to relax. Oakville has many relaxing places like the golf courses which are popular in Canada. There are media stations, waterways, lakes, parks, gardens, yacht clubs, and picturesque sceneries. Why You May Re-Consider Living In Oakville? The Downsides --------------------------------------------------------- No matter how beautiful a place is, it'll still have its downsides. Here are some things you should know before moving to Oakville. 1. It is expensive to go to restaurants in Oakville, so many residents opt for fast food and takeaways. 2. The best thing is for you to have your own car to make it easy to move around. This is especially good for people with families and young ones. 3. House prices may increase shortly due to Oakville's proximity to Toronto. Do remember to explore the [**Best 10 Cities to Live in Ontario, Canada**](https://getnewhouse.ca/blog/top-10-best-cities-to-live-in-ontario-canada). Is Oakville a good place to live? --------------------------------- Oakville has carved a niche for itself as an I.T and science town. This has attracted lots of **real estate** investors. Property developers continuously submit housing development proposals to the government. To cap it all, the people living in **Oakville** are friendly and accommodating. So be rest assured that if you and your family move there, you'd enjoy the place.

Is Burlington a good place to live and settle down?

Burlington is one of the best places to live in the Province of Ontario, Canada. The town offers residents an urban-suburban mix feel, and most residents rent their homes. Many young professionals live in Burlington, and residents tend to be liberal. Burlington is between Toronto and Hamilton and not too far from the border with the USA. There are also natural landscapes like the Niagara Escarpment and a sandy Lake Ontario beach in its downtown core. Living in Burlington has many benefits. Its top features are amenities, a low crime rate, and culture and community. There are also plenty of local job opportunities. A visit to Burlington’s lakeside and sprawling lakefront park is a great way to appreciate its desirable beauty. Dozens of award-winning restaurants, coffee shops, and boutique shops make the downtown area a favourite destination for residents and visitors. Read on as we walk you through some note-worthy things to know about Burlington. ## Benefits of Living in Burlington Let's catch up with some exclusive benefits of staying in the beautiful city of Burlington: ### 1. Family-friendly Environment Burlington provides a well-balanced life of urban fun and a peaceful living environment. You can hop down to the downtown area to enjoy modern-era restaurants, clubs, bars, nightlife activities, etc. The residential area is engulfed in a serene environment ideal for relaxing and enjoying a good night’s sleep after a long day at work. These provide an enriched family-oriented experience to the residents. ### 2. Exceptional Schools Burlington prides itself on its high standard of education. There are schools for all grade levels and several private schools. Colleges and universities in the area help high school graduates offset the high cost of post-secondary living expenses. Burlington also has sought-after universities. They include the University of Guelph, University of Toronto, McMaster University, and others. ### 3. Recreational Activities Burlington is located along Lake Ontario’s magnificent shorelines, providing different outdoor recreational activities for the residents. Residents can go swimming, boating, canoeing, surfing, or fishing when the weather allows. The city also has hectares of parkland, offering amazing opportunities for families, bachelors, and everyone living there. Burlington is also home to splash pads, ice-skating rinks, community centres, and golf courses. These cater to a broader set of audiences. Do you want to enjoy quality time with your friends and family in natural beauty? If you are the one liking [fun-activities in the Greater Toronto Area](https://getnewhouse.ca/blog/what-are-best-fun-activities-in-toronto-in-ontario-in-canada-for-adults), this is an amazing choice. There are well-preserved hiking trails and parks in Burlington. They include the famous Bruce Trail, Niagara Escarpment, Waterfront Trail, Spencer Smith Park, LaSalle Park, and Lowville Park. Burlington also has one of the world’s largest lilac collections in the Royal Botanical Gardens. Your kids can run around the well-tended and well-preserved gardens. ### 4. Easy Travel Enjoy easy and convenient access to many major GTA highways, including the 403, 401, and 407. Burlington has three GO Transit stations. They include Aldershot GO, Burlington GO, and Appleby GO. These make it easy for travelers to board GO trains, GO buses, and city buses. Burlington is within an hour's drive to Toronto Pearson International Airport and John C. Munro Hamilton. These make it easy for people planning to travel for business and leisure through the International Airport. ### 5. Modern Amenities Burlington is rich in terms of modern amenities. The city has everything you need limits, from chain stores and supermarkets to family-owned stores. The malls in Burlington offer all the necessary items at an affordable price. There are also verified retail stores for Apple, Sephora, and other prominent brands inside these malls. Libraries, health, and wellness centres inside the city have no limits, along with coffee shops, book stores, and electronic shops. ### 6. Year-round Festival Burlington kicks off the summer season with a Music Festival in Spencer Smith Park by the lakefront. This festival lasts for days and brings many fun options to the residents. Teen tour band concerts, kid-friendly playgrounds, dancing competitions, and eatery contests are also available. Furthermore, the residents set up exhibitions for their art pieces and stalls for outsiders and residents. The annual Ribfest festival is another popular event in the winter season. Food trucks, vendors, and local business shops operate during the festival. These add to the festival’s existing charm. You may also like to explore [Best Toronto Suburbs for Families to Live](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow) ### 7. Excellent Location Burlington is one of the best mid-sized cities in Canada. The city location allows residents to benefit from their proximity to Toronto. These help the residents avoid the inflated cost of living found in the core of the GTA. Additionally, some of Canada’s best hospitals are within the city's driving distance. ## Disadvantages of Living in Burlington Burlington offers its residents good opportunities and reasons to be part of the community. However, it also has drawbacks that hinder a few people. Let us explore the disadvantages of living in Burlington to understand the area better. ### 1. Decline in Population Burlington's population has declined in the past years. A decrease in a city's population has many factors. They include pandemics, conflicts, low birth rates, resident migration, and many more. The employment rate in the city also suffered because of less demand for basic services such as hotels, restaurants, and shops. ### 2. Limited Transportation There are only three GO transit stations in Burlington. Those stations are always filled with young millennials making their way to work. Adults and families tend to own cars for shorter commute times. The city highway is also crowded because of the city's proximity to Toronto. The traffic on s 403, 401, and 407 are the worst. It can easily turn a 10-minute drive into an hour-long journey. ### 3. Expensive Housing Houses in Burlington cost $200,000 more than their surrounding regions because it offers a higher quality of life and better options for professional career growth. Burlington also has fewer real estate listings. The listings are also expensive compared to other cities near Toronto. Therefore, buying your desired house is often an ordeal. Additionally, travelling to major metropolitan hubs from Burlington is shorter. These make the real estate options limited. ## Is Burlington a good place to live and settle down? Are you looking for a good place to live in Canada? There can be no better option than Burlington. It is one of the safest cities to live in Canada. The city's educational institutions are top-notch. Your children will experience unique learning from elementary to University. However, it is all based on your personal choice and preferences. If you are planning to settle in Ontario, and can afford it, do consider Burlington as one of the options. Which is your favorite city in Ontario to live and settle down? Do share with us.

Which are the best neighbourhoods to live in Pickering in Ontario, Canada?

Pickering is a vibrant and diverse city located in the heart of Ontario, Canada. With its picturesque neighborhoods, excellent schools, and endless recreational opportunities, Pickering is the perfect place to call home. Whether you're a young professional, a growing family, or a retiree, you'll find the perfect neighborhood to suit your needs and lifestyle in this beautiful city. So let's explore some of the top areas in Pickering, Ontario, Canada, where you can call it home. ## Which are the best neighbourhoods to live in Pickering in Ontario, Canada? ## 1. Highbush ### Best for Families and Commuters. Highbush is located in the southeastern part of the city, near the border with Ajax. Highbush is known for its family-friendly atmosphere and safe streets. The neighborhood is close to a variety of amenities, including schools, shopping centers, and recreational areas such as Highbush Park. The area also has good access to public transportation, including bus routes and the GO Transit system, making it easy to get around the Greater Toronto Area. Additionally, Highbush is located close to the highway 401, which can make it easy to travel throughout the region. Many families and young professionals live in this neighborhood and it is considered a good place to raise a family. ## 2. Bay Ridges ### Best for Families. This neighborhood is known for its well-maintained homes, friendly communities, and proximity to amenities such as parks, schools, and shopping centers. Bay Ridges is also home to several community events throughout the year, making it a great place to meet new people and build a sense of community. The neighborhood is home to several parks, schools, and shopping centers, making it easy for residents to access the services they need. The neighborhood provides a great place for children to play and families to gather, while local schools are known for their high-quality education and positive learning environments. ## 3. Liverpool ### Best for Commuters Liverpool is a well-rounded neighborhood that offers residents a high standard of living with easy access to amenities, transportation and a variety of activities. It is a great choice for anyone looking for a family-friendly community with a strong sense of community and a diverse range of properties. Liverpool is situated near the Civic Complex, which allows residents easy access to a variety of events and activities such as the Pickering Rib Fest, Food Truck Festival, and Summer Gazebo Concerts. The neighborhood also boasts 7 parks and several schools with an average rating of 7.3/10 based on the Fraser Institute, making Liverpool an excellent choice for families. ## 4. West Shore ### Best for Commuters West Shore is a neighborhood located in the south end of Pickering, Ontario, Canada, known for its proximity to Lake Ontario. The benefit of having a new build in an older neighborhood is that residents can enjoy modern-day luxury within a mature community. The area is also close to the Go Train station, making it possible to get to Union Station on the Express Train in approximately 30 minutes. The neighborhood is known for its strong sense of community, which is evident in the friendly and welcoming atmosphere of the streets. ## Best neighbourhoods to live in Pickering in Ontario, Canada Pickering, Ontario, Canada is a city that offers a wide range of neighborhoods to choose from, each with its own unique features and benefits. Apart from these four, there are some other areas like **Town Center**, a popular choice among families due to its proximity to schools, parks, and other amenities; **Dunbarton**, known for its spacious homes and high property values and **West Shore**, located on the western shore of Lake Ontario and is known for its beautiful views and access to recreational opportunities.

Which is The Best Place to Live in Canada for Indian Immigrants?

Are you planning to move to Canada? But wondering, **Which is the best place to live in Canada for Indian immigrants?** Here we present an exclusive list of some of the **popular 6 cities for immigrants to live and settle down**. No doubt, Canada has been home to the largest population of **Indian immigrants**. Indians even have their street, specific market where you can buy any Hindi, Punjabi, Gujarati, etc. items and foods. Their language and traditions are now making grand within the communities. In fact, some places in Canada, don't let you feel home sick at all. You can follow your beliefs and culture, celebrate and enjoy like you would have done back in India. For those who are still contemplating which cities to immigrate to within Canada. Here are the most popular cities for Indian immigrants with their skilled and economic resources. Best 6 Cites to Live in Canada for Indian Immigrants ---------------------------------------------------- So, let's catch up with the details on the top cities for Indian immigrants wishing to move to Canada. 1\. Toronto ----------- The capital of the Canadian province of Ontario. The most populous city in Canada and the fourth in North America. This is the most popular city for Indian immigrants and over 40% lives there. Because of the plethora of job opportunities available in different sectors like technology, telecommunication, security, financial sector, and healthcare. Also home acquired skills jobs are in high demand like a cleaner, residential cook and more. You also have a lot of [fun activities to do in Toronto](https://getnewhouse.ca/blog/what-are-best-fun-activities-in-toronto-in-ontario-in-canada-for-adults), that also make it a busy tourist destination. The immaculate public transit system makes it easier for people, especially students to travel around the city and experience its beauty. That includes clubs, malls, cinemas, museums, and historical places. Remember, Toronto is quite an expensive city. It could really pinch your pocket especially as a new immigrant from India. But don't worry, If you can't afford it here, you can have a look at the [**10 Best Toronto Suburbs for Families to Live & Grow**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow). 2\. Vancouver ------------- It is the most populous city in British Columbia, located on the pacific coast in western Canada. It is known for its beautiful nature, art scenery, and different thriving location for filming. The excellent standard of their universities makes the city have numerous international student immigrants. In terms of housing affordability is one of the most expensive cities in Canada and the world but is the most livable city. For an immigrant that loves to work in service industries, this city is the best option because it's their top tie. Others include construction, tourism, high technology, entertainment, manufacturing, mining, fishery & aquaculture, and forestry. Temperature degrees won't be the least of your worry because it is moderate compared to other cities. You may also like to learn about [**Top 10 Real Estate Companies in Canada**](https://getnewhouse.ca/blog/top-real-estate-companies-in-canada-largest/). 3\. Calgary ----------- Looking from the outside, Calgary might feel like an unusual destination for Indian immigrants whereas thousands of Indian workers and students live there. It is the largest city in Alberta province and the third-largest city in Canada. In terms of the economy, Calgary thrives in the energy sector and ability switch to a green energy source to meet its energy consumption needs. Other prosperous industries include mining, engineers, mechanical, entrepreneurs, technicians, health, financial service, and tourism.  Calgary tends to receive a lot of snow in winter, which makes it more attractive for Indian immigrants who are not seen or used to snow. Living standard cost is pretty lesser compare to Vancouver and Toronto. 4\. Halifax ----------- Halifax is the capital province of Nova Scotia and is the largest municipality in its province and Atlantic Canada. Its port is one of the best harbors worldwide and significant in the Atlantic ocean. Halifax is a major cultural center within its province and a home to many region's major cultural attractions. Such as art galleries, theatres, and museums. It also hosts several festivals. It is easier for Indian immigrants to get a permanent residency in this province. By using Halifax- Provincial program or the Atlantic Immigration Pilot Program. For immigrants who prefer a place away from hustle and bustle of city life, Halifax is the best option. The temperature is not as harsh compared to other cities in Canada. 5\. Montreal ------------ Montreal is the second-most populous city in Canada and the most populous in the Canadian province of Quebec. It is one of the best place to live and study in Canada because of its several parameters and top-notch university reputation. For [**new immigrants**](https://getnewhouse.ca/blog/why-is-immigration-good-for-canada/) who want to travel with their families such as Indians who consider family as everything, Montreal is the best place to consider. The city is extremely safe with a low crime rate and holds abundant job opportunities. Searching for a job or part-time job as an Indian immigrant is not a hassle. The Quebec provincial government also support families with a monthly allowance for their kid. The allowance covers child support for kids below 18, school supplement for children between 4 and 16 years old, and supplements for disabled children. 6\. **Waterloo** ---------------- Waterloo is a city in the Canadian province of Ontario. It is one of the cities with the most cultural diversity in Canada with serval scenic views and places for younger people to have fun. Indian international students are attracted to this city because of the famous University of waterloo. The majority of Indian immigrant has made this city their home. Waterloo has a strong knowledge and service-based economy in significant insurance and high-technology sector. **To sum up** Choosing **the best place to live** or work in Canada as an Indian immigrant can be stressful. That's the reason we took the step to bring together the best places and their potential. So, do consider one of these top cities for Indian immigrants to settle down. A New Country, New Job & New Beginning! Keep in mind, settling in a new country comes with its own challenges! So, whether you are an Indian immigrant or from any other country, it may take some time to establish yourself at a new place. And, finding that perfect destination is not an easy task. Initially renting a house would be a good decision. But gradually, buying a house may prove economical (only when affordable amidst the sky-rocketing prices in Canadian real estate). Don't forget to find out if [**new immigrants can buy a house in Canada**](https://getnewhouse.ca/blog/can-new-immigrant-buy-house-in-canada/). Once you find the best place to live in Canada as an Indian immigrant, do share with us. Feel free to add your experiences and feedback.

20 Real Estate Terms in Canada - List for Canadian Home Buyers, Sellers & Agents

Are you ready to conquer the Canadian real estate market, but feeling a bit daunted by the abundance of jargon and complexities? Don't worry, you're not alone! The real estate industry can be a minefield to navigate, but with the right knowledge, you'll be able to understand the ins and outs of the market and make informed decisions. So, whether you're a first-time home buyer, a seasoned seller, or a budding real estate agent don't let the jargon hold you back- let's unlock the secrets of the Canadian real estate market with the ultimate 20 real estate terms that you need to navigate the minefield of the Canadian real estate market and come out victorious. ## 20 Real Estate Terms in Canada - A Comprehensive List Knowing real estate terms is key to being a pro in the Canadian market. It's not just for first-time buyers or sellers; it's also for sellers and real estate agents who work here but are unaware of these terms. Because understanding the lingo is what sets you up for success here. For this reason, we have words ranging in complexity from simple words to complex terms. ## **20 Basic Real Estate Terms & Concepts to Know** So buckle up and let's dive in deep into the real estate world. ### **1. Amortization**: The length of time it will take to pay off a mortgage, calculated by dividing the total mortgage amount by the annual mortgage payments. It is the period over which the loan is planned to be paid off, usually in a range of 15-30 years. ### **2. Appraisal**: An evaluation of a property's value by a professional appraiser. Appraisals help to determine the fair market value of a property, which is used to help set a fair price for the property. ### **3. Closing Costs**: The expenses associated with purchasing a property, such as legal fees, land transfer taxes, and home inspection fees. These costs can add up to thousands of dollars and are typically paid at the time of closing. ### **4. Conditional Offer**: An offer to purchase a property that is contingent upon certain conditions being met, such as the successful completion of a home inspection. It means that the offer is made on the condition that certain things happen, such as financing or home inspection. ### **5. Equity**: The difference between the market value of a property and the outstanding balance on the mortgage. It is the portion of the property that the owner fully owns, and it increases over time as the mortgage is paid down and the property increases in value. ### **6. Fixed-Rate Mortgage**: A mortgage with an [interest rate](https://getnewhouse.ca/blog/what-does-higher-interest-mean-for-housing-market-in-canada) that stays the same for the entire term of the loan. It means that the interest rate will not change for the duration of the loan, providing predictability and stability for the borrower. ### **7. Home Inspection**: A comprehensive examination of a property's condition by a professional home inspector. Home inspection is an important step in the home buying process, as it can help identify any potential issues or defects with the property. ### **8. Interest Rate**: The percentage at which the lender charges interest on a mortgage. It is the cost of borrowing money, and it can have a significant impact on the overall cost of the mortgage. ### **9. Land Transfer Tax**: A tax paid by the purchaser when a property is transferred from one owner to another. It is a government tax that is paid on the transfer of property ownership and varies by province. ### **10. Listing Agreement**: A contract between a property owner and a real estate agent that outlines the terms of the agency relationship. It outlines the services that the agent will provide, the length of the agreement, and the commission that will be paid to the agent. Also, know the truth behind a [home listed for 1$ in the [Canadian Housing Market](https://getnewhouse.ca/blog/what-it-means-when-home-listed-for-one-dollar-in-canada). ### **11. Mortgage Broker**: A professional who acts as an intermediary between borrowers and lenders to help them find the best mortgage product. They can help borrowers find the best mortgage rate and product that suits their needs. ### **12. Mortgage Pre-Approval**: A conditional commitment from a lender to provide a mortgage for a certain amount, subject to the buyer meeting certain conditions. It is a letter from a lender that states that you are pre-approved for a mortgage up to a certain amount, subject to certain conditions. ### **13. Multiple Listing Service (MLS)**: [MLS or Multiple Listing Service](https://getnewhouse.ca/article/what-is-mls-in-real-estate-canada) is a database of properties for sale by real estate agents. It is a system used by real estate agents to list properties for sale, and it is a valuable resource for buyers and sellers. ### **14. Power of Sale**: A legal process that allows a lender to sell a property in order to recover unpaid mortgage debt if the borrower defaults on the mortgage. It is a provision in the mortgage agreement that gives the lender the right to sell the property in case of default. ### **15. Property Condition Disclosure Statement**: A document that outlines any known issues or defects with a property. It is a statement provided by the seller that discloses any known issues or defects with the property. ### **16. Real Property Report (RPR)**: A legal document that shows the boundaries, dimensions, and location of a property, as well as any improvements or structures on the property. It is a detailed survey that shows the property's boundaries and any structures or improvements on the property. ### **17. Title Insurance**: Insurance that protects the buyer and the lender against any issues with the property's title or ownership. It protects against any hidden issues with the property's title, such as outstanding liens or encumbrances. ### **18. Underwriting**: The process of evaluating a mortgage application to determine whether to approve the loan and what terms to offer. It is the process used by lenders to evaluate a borrower's creditworthiness and ability to repay the loan. ### **19. Zoning**: Set of regulations established by local governments that determine how land can be used in a particular area, by dividing the municipality into different zones and regulating the development, density and allowed uses of the land. ### **20. Lease**: A lease is a legal agreement between a landlord and tenant outlining the terms and conditions of renting a property, including the rental amount, length of the lease and responsibilities of both parties. ## **20 Advanced Real Estate Terms & Concepts to Know** Now, let's get an idea on some of the advance terms used in the real estate industry. ## **1. ‘As Is’ clause** Let's learn about this real estate concept from both a seller's and a buyer's point of view. #### **For sellers** "As-Is" clause means property is sold in current condition, with no promises or guarantees from the seller. - It can be a quick and cost-effective option for sellers. - But, it also means that the buyer will have to take on any necessary repairs or renovations. - Legally required to disclose all issues with the property, including providing a detailed statement of condition, prepared by a professional, and based on an inspection. #### **For buyers** "As-Is" properties may come at a lower price, but they can also end up costing more if extensive repairs are needed. - It's crucial to do a thorough inspection of the property to reveal any potential issues. - Consider including a "subject to inspection" clause in the contract, which allows the buyer to back out if the inspection reveals more problems than initially disclosed by the seller. - Important to proceed with caution and have a solid team of professionals, including a real estate agent, home inspector, and attorney, to minimize the risk. For more details, refer [What does As-is clause mean in real estate?](https://getnewhouse.ca/article/what-does-as-is-where-clause-mean-real-estate-canada) ### **2. POA (Power of Attorney)** POA is a legal document that allows you to give authority to another trustworthy person(s) to manage your property or money on your behalf. - The person you appoint is called your attorney, and they do not have to be a lawyer. - It is required that a person be ‘mentally capable’ at the time of signing a POA for it to be valid. - Laws, requirements, and definitions of POA vary across provinces and territories in Canada. - Real Estate and POA In real estate, your attorney can manage buying or selling of real estate in your name, pay bills on your behalf, and even collect money owed to you, unless restricted to do so. Your attorney does not become the owner of your property, they can only manage it on your behalf. ### Types of POA - **General Power of attorney**: Allows your attorney to manage all or part of your finances and property only while you are mentally capable of managing your own affairs. Becomes invalid if you become mentally incapable. Can be limited to a particular task or time period. - **Continuing power of attorney**: Allows your attorney to continue managing your finances and property even if you become mentally incapable to do so. Can start immediately or come into effect when you become mentally incapable. ### **3. MLS (Multiple Listing Service)** MLS (Multiple Listing Service) is a database of properties for sale or rent, maintained by real estate agents and brokers. - It allows agents to share information about properties with other agents in their area, increasing the chances of a sale or lease. - MLS data is only available to real estate agents and brokers who are members of the service. - It includes detailed information about properties, including photographs, prices, and descriptions. - MLS can be a powerful tool for buyers, sellers, and real estate professionals to find and market properties. ### **4. CCIM (Certified commercial investment member)** CCIM (Certified Commercial Investment Member) is a professional designation for commercial real estate professionals. - It is awarded by the CCIM Institute after completing education and demonstrating experience. - Recognized as mark of expertise in commercial and investment real estate. - Only held by a select group of professionals. - CCIMs are trained to analyze investment opportunities. ### **5. CPM (Certified Property Manager)** CPM (Certified Property Manager) is a professional designation for property management professionals. - It is awarded by the Institute of Real Estate Management (IREM) after individuals complete a rigorous education curriculum and demonstrate their experience in property management. - The CPM designation is recognized as a mark of expertise in the property management industry. - Only held by a select group of professionals. - CPMs are trained to manage and maintain properties effectively and efficiently. ### **6. CMA (Comparative Market Analysis)** CMA (Comparative Market Analysis) is a report that compares a property to similar properties in the same area. - It is used to determine a property's estimated value, and to help with pricing decisions when buying or selling a property. - A CMA includes information about recent sales and current listings of similar properties. - It also includes information about market trends, such as average days on market and sale-to-list price ratios. - CMA is a helpful tool for both sellers and buyers to have a better understanding of the market and make informed decisions. ### **7. CRE (Commercial Real Estate)** CRE (Commercial Real Estate) refers to properties used for business or investment purposes. - It includes properties such as office buildings, retail centers, industrial warehouses, and multifamily apartments. - CRE transactions are generally more complex and involve more money compared to residential real estate transactions. - CRE professionals such as brokers, investors, and property managers have specialized knowledge and skills to navigate the market. - CRE can also include special purpose properties such as hotels, hospitals, and self-storage facilities. ### **8. CAC (Central Air-Conditioning)** CAC (Central Air-Conditioning) is a type of air conditioning system that cools a building or home by circulating chilled air through ductwork. - It typically uses a central unit, such as a furnace, to cool the air and distribute it throughout the building. - CAC systems are often more efficient and can cool larger areas compared to individual room air conditioners. - It can also improve air quality by filtering and circulating air throughout the building. - CAC systems require regular maintenance to ensure they are functioning properly and efficiently. ### **9. COI (Certificate of Insurance)** A Certificate of Insurance (COI) is a document that verifies that a specific insurance policy is in effect and provides details on the coverage provided. - COIs are typically issued by insurance companies or their agents and are used to provide proof of insurance to third parties, such as lenders or landlords. - COI includes: insured name, policy number, coverage type/limits, and insurance company/agent contact information. - Some COIs may also include additional information, such as endorsements or exclusions to the policy. - COIs are not the same as the insurance policy itself and do not provide all of the terms, conditions, and exclusions of the policy. ### **10. CMHC (Canada Mortgage and Housing Corporation)** Canada Mortgage and Housing Corporation (CMHC) is a Crown corporation of the Government of Canada. - Its primary function is to provide mortgage loan insurance to Canadian banks and other lending institutions. - This insurance helps protect lenders against losses if a borrower defaults on a mortgage loan. - CMHC also conducts research and provides information on housing markets and trends, as well as housing-related programs and services. - CMHC is funded by premiums paid by borrowers who take out mortgage loans that are insured by the corporation. ### **11. CMA (Comparative Market Analysis)** A [Comparative Market Analysis (CMA)](https://getnewhouse.ca/article/what-is-cma-in-real-estate-canada) is a report that compares a property to similar properties that have recently sold or are currently on the market. - It is used by real estate agents, appraisers, and homeowners to estimate the fair market value of a property. - A CMA typically includes information such as the property's location, size, condition, and features as well as information on comparable properties, including their sale prices and other relevant details. - It is based on recent sales data, it helps in determining the current market value of a property - It is used to set the price for a property that is for sale or to be appraised. - A CMA can also be used to evaluate the potential return on investment for a rental property or a fix and flip investment. ### **12. ARV (After Repair Value)** After Repair Value (ARV) is a term used in real estate investing to refer to the estimated market value of a property after any necessary repairs or renovations have been completed - It is used to determine the potential profitability of a fix-and-flip investment or the maximum purchase price for a property being considered for a rental or rehab project. - ARV is calculated by taking the estimated market value of a property in its current condition, subtracting the cost of repairs and renovations, and then adding any potential value-adds such as an addition or a finished basement. - It is an estimate of the potential of the property in the future after the repairs are done - It helps in determining the maximum amount to be spent on the renovation and property purchase, so it doesn't exceed the potential value of the property after renovation. ### **13. LTV (Loan to Value)** Loan-to-value (LTV) is a ratio used in the mortgage industry to indicate the size of a loan compared to the value of the property being used as collateral. - It is calculated by dividing the loan amount by the value of the property. - It is used by lenders to determine the risk of a loan and the creditworthiness of a borrower. - A higher LTV ratio indicates a higher risk to the lender, as the borrower has less equity in the property. - LTV is used to determine the minimum down payment, interest rate, and maximum loan amount - Lenders usually have different LTV ratios for different types of properties and loans. - A high LTV ratio may require a higher interest rate or mortgage insurance. ### **14. Cap Rate** The Capitalization Rate, or Cap Rate, is a measure used in real estate investing to indicate the rate of return on a property based on its income and purchase price. - It is calculated by dividing the property's net operating income by its current market value or purchase price. - Cap Rate is a metric used to compare the potential returns of different properties. - A higher cap rate indicates a higher return on investment, and a lower cap rate indicates a lower return. - Cap rate is used to evaluate the performance of a property and its potential as an investment. - Cap rate can be used to compare the yields of different properties and areas, even though it is a ratio, it does not take into account the cost of debt. ### **15. GDS (Gross Debt Service)** Gross Debt Service (GDS) ratio is a measure used by mortgage lenders to determine a borrower's ability to afford the mortgage payments on a property. - It is calculated by dividing the total mortgage payments, including principal, interest, property taxes, and heating costs, by the borrower's gross income. - GDS is one of the two ratios used to qualify borrowers, the other being TDS (Total Debt Service). - It is used to evaluate the borrower's ability to meet the housing cost, it is usually expressed as a percentage. - Lenders usually have a maximum GDS ratio, typically between 31% and 39% - A high GDS ratio may indicate that a borrower is over-extended and may have difficulty making mortgage payments. - A low GDS ratio may indicate that a borrower has a lower risk of defaulting on the loan. ### **16. TDS (Total Debt Service)** Total Debt Service (TDS) ratio is a measure used by mortgage lenders to determine a borrower's overall ability to afford the mortgage payments on a property, as well as their other debts and expenses. - It is calculated by dividing the total monthly debt payments, including mortgage payments, credit card payments, car loans, and any other debts, by the borrower's gross income. - TDS is one of the two ratios used to qualify borrowers, the other being GDS (Gross Debt Service). - Lenders usually have a maximum TDS ratio, typically between 42% and 44% - A high TDS ratio may indicate that a borrower is over-extended and may have difficulty making mortgage payments and other debts. - A low TDS ratio may indicate that a borrower has a lower risk of defaulting on the loan and other debts. ### **17. JT (Joint Tenancy)** Joint Tenancy is a type of co-ownership of property where two or more individuals own the property together. - Each owner holds an equal and undivided interest in the property. - Joint tenants have the right of survivorship, meaning that if one of the owners passes away, their interest in the property passes automatically to the remaining owners. - In a joint tenancy, all parties have equal rights and responsibilities on the property - Each joint tenant has the right to use the entire property. - All the parties need to agree to sell the property or make any changes to it. - In case of death, the share of the deceased tenant automatically goes to the surviving tenant/s. ### **18. TIC (Tenancy in Common)** Tenancy in Common (TIC) is a type of co-ownership of property where two or more individuals own the property together, but each has a distinct and separate share of the property. - No right of survivorship, meaning if one owner dies, their share does not automatically pass to the remaining owners. - Allows multiple parties to invest in real estate together or pass assets onto beneficiaries. - Each tenant owns a specific percentage of the property and can sell or dispose of their share. - Tenants have right to use entire property, but cannot sell or make changes without agreement of other tenants. - In case of death, share is passed on according to will or testamentary disposition, not automatically to surviving tenants. - Different from Joint Tenancy which has equal shares and right of survivorship. ### **19. Lien** - A lien is a legal claim on a property that gives a lender or other creditor the right to seize the property if the borrower or property owner fails to fulfill their obligation. - Liens can be placed on property for unpaid debts, taxes, or other financial obligations. - Liens can be either voluntary, such as a mortgage, or involuntary, such as a judgment lien. - Liens are recorded in the public records, this means that they are visible to anyone who searches. the records. - When the property is sold, the lien must be paid off before the sale can be completed. - If the lien is not paid off the property may be foreclosed or seized by the creditor. ### **20. Ontario Agreement of Purchase and Sale** The Agreement of Purchase and Sale (APS) is a legally binding contract between a buyer and a seller for the purchase of a property in the province of Ontario, Canada. - Outlines terms and conditions including purchase price, closing date, and contingencies. - Prepared by a real estate agent or lawyer, reviewed and signed by both parties, and a copy provided to each. - Includes schedule of chattels and fixtures, closing date, and contingencies, if any. - Legally binding contract, both parties have legal obligations and rights related to the sale. - Buyer typically pays deposit held in trust until closing. - Starting point for completion of sale transaction and ownership transfer. ## Knowing the Canadian Real Estate Concepts The understanding of the real estate terms specific to Canada is essential for home buyers, sellers and agents in order to navigate the market and make informed decisions. Being familiar with terms such as CMHC, ARV, LTV, Cap Rate, GDS, TDS, JT, TIC, CMA, APS, and others, can help you understand the mortgage process, evaluate properties, and negotiate the terms of a sale. Whether you're a [first-time home buyer](https://getnewhouse.ca/blog/renting-vs-buying-home-canada-better), an experienced investor, or a real estate agent, having a solid understanding of these terms will help you make the most of the Canadian real estate market. Did we miss any important term here? Do you wish to include any other interesting concept on real estate in Canada, do comment and share your views.

How much is the average rent in Toronto in Ontario, Canada?

Toronto residents lead an exhilarating, chance-filled lifestyle. It is one of the most culturally diverse cities in the world is Toronto, which is well known for its wide variety of cuisine, entertainment, and climatic conditions. Toronto is a city where people from all over the world come to call home because roughly half of its population was born abroad. Due to the city's overabundance of luxury and convenience, Toronto has a high cost of living. Therefore, today we will see the average rent in Toronto, Ontario, Canada. ## How much is the average rent in Toronto in Ontario, Canada? According to the rent report, among Canada's largest markets, Toronto has had the highest annual growth in rent over the past year. Although the Toronto housing market experienced a significant drop in prices of up to 6% from July to August, but prices have since started to rise once more and are about to reach an all-time high. As of November 2022, the typical rent for a studio apartment in Toronto rose by 3% to $1,795 per month. The average rent for a 1-bedroom apartment increased by 5% to $2,295; the average rent for a 2-bedroom apartment increased by 7% to $2,940, and the average rent for a 3-bedroom apartment increased by 6.7% to $3,542. ## Average rent in Toronto in Ontario, Canada The average rent in Ontario is still increasing at a startling rate as a result of rising interest rates and home demands. However, it's anticipated that these costs may decrease in 2023, making it appropriate for people looking for homes to live in.

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