If you are wondering whether US citizens can buy a property in Canada, the answer is YES! Before thinking about how to buy a house, you need to think about where you want to live in Ontario. Choosing the right part of the city is very important. You will find here some great tips to keep in mind while doing your own researches.
Where to buy a house?
You know the saying, it’s all about location now. Location can be an investment in your future. You have to think about the future too. It’s important to think about your family members as well. Also, think about what you want to have close by. Maybe you are a cool young hipster couple. Or you enjoy more peaceful places. Is architecture a passion of yours? Keep in mind all of these things are important when choosing part of the city where you will be living soon. Hopefully, you will end up with your dream house in a perfect neighborhood for you and your family. Toronto is the capital so, of course, most people want to check the neighborhood there first. There are amazing cities like Ottawa, Hamilton, Mississauga, and Brantford, of course. While thinking about where to move, also think about when you will be moving.
How to choose the city?
Just check them all out. Go for a road trip. This can be a fun way to learn something new and maybe decide on the perfect place for your new home. Think about your family’s needs and wants. Learn about the best schools. Every town has its own charm. And do not forget about leisure activities. You surely want a home location with a lot of outdoor activities you can enjoy in your free time.
Most popular neighborhoods in Toronto, Ontario
The Beaches
If you have a big family, love a small-town vibe, and enjoy long, romantic walks on the beach, then a relaxed neighborhood called The Beaches is perfect for you and your family. This is a top summer destination. Be prepared for a lot of tourists during the summer days but this could be great for the kids to meet new friends from all around the world.
Little Italy
Do you want a European vibe? The neighborhood called Little Italy’s main draw is its pizzerias, gelato shops, and international restaurants. Also some really cool pubs and martini bars. There are some amazing flower shops too. If you own a lot of fragile plants like succulents, there is a way to move them with you, safely, to your new place.
Downtown Toronto
Are you into architecture and lovely views? Well, Downtown Toronto is a buzzing area filled with skyscrapers, restaurants, and nightlife, of course. This is a perfect neighborhood for young couples.
Riverdale
Riverdale is a large neighborhood with an amazing selection of very pretty houses. It’s very close to downtown and some say this is the most fun part of the city. Are you dreaming of a pretty house in a fun part of the city? Then, this might be the neighborhood for you.
Mississauga
If you would rather not live in the capital, Mississauga is the city to consider after you find out how to buy a house. It is a cultural melting pot where everybody is welcome and can adapt really fast. The city is safe with a very low crime rate. If you have children of the school-age, they will have a chance to attend some of the best schools in the state. Finally, ample job opportunities will enable you to earn a decent salary and live comfortably.
Luckily, you will not have to go through the relocation on your own. Mississauga movers’ trained teams are very helpful and can assist you with your move. All you need to do is contact them on time.
Mississauga has a lot to offer.
Brantford
Brantford is another location that might make you want to reach out to experts in the city immediately and start organizing your move. It is becoming increasingly popular as a middle-sized city which has so much to offer. Brantford is well connected with major neighboring cities. It is home to various industries and educational facilities. Outdoor activities are also ample, so Brantford is suitable for people of all ages.
How to buy a house?
If all the above-mentioned locations sound promising, now is the time to find out how to buy a house in Ontario. Can a US citizen get a mortgage to buy a house in Canada? Yes, but be careful as sometimes banks and lenders require non-residents to have a minimum of 35% down payment in cash, and then the rest of the 65% of the home’s value is provided as a mortgage. This is not the only option but you have to keep that in mind.
The minimum amount of down payment is 5% for houses worth less than 500, 000 dollars in Canada. For the ones over that amount down payment is 10%. Since the covid19 pandemic started, housing prices fell in 2020. This might be a perfect time for you to invest in housing projects.
Explore various payment options when buying a house.
How to choose the right house?
Firstly, you need to think about how many family members you have and how many bedrooms you need. Is one bathroom enough? Will you be needing a home office? Due to the global pandemic, a lot of jobs became remote so you need to consider that factor too. Will you be taking all of your stuff to your new place and if not, have you considered storage services? Also, think about the pets – do you need the yard for the dog? It is very important to include the whole family in making the final decision, so everyone can be on the same page. That’s the key to keeping your family happy and the kids can feel included too. After you find a perfect house, movers at number1movers.ca will give their best to transport your possessions efficiently and hassle-free.
Think about your dream house, how does it look like in your head? Picture it for a moment.
Moving to a new house?
You found your perfect house to buy in Ontario, decided on the neighborhood and the kids are happy? Great, now you need to make some moving plans. Don’t put everything on you. Professional assistance is what you need to bring this whole project to the end successfully.
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