Commuting VS Moving

One of the biggest advantages of living in the Greater Toronto Area, or the Golden Horseshoe region for that matter, is that everything is very close together. This means that people have the option to make their homes in Scarborough condos while working at a laboratory in Hamilton. Or, they can just find a nice home to live in Hamilton and work and live in the same community. In this article, we are going to compare moving and commuting from the Hamilton perspective.

Moving

Probably the biggest issue when one is considering moving from one location to another within the GTA is the cost of housing. Although everything is fairly close together, the price differentials between homes can vary significantly.

Whether the price goes up or down, of course, will depend on the size of the city. Water front condos in Toronto will cost quite a bit more than those in Hamilton. On the other hand, this type of condo in Hamilton will be priced higher than those in Oshawa, and so on. So your biggest concern when thinking about moving will be the cost of comparable real estate, and whether or not you can afford it.

There are different businesses that can help you out when it comes to determining your financial options when moving to Hamilton. Whether you live in Whitby or Etobicoke, real estate broker businesses can give you a good estimate of how much a loan will cost you for a house and how that compares to your current payments. Make sure you have a good idea on the interest you are paying for any loan you are considering.

Moving isn't for everyone, simply because of the process involved. Relocating to Toronto or Hamilton is no easy task. No matter how close Hamilton may be to the city you are moving from, it does mean uprooting your household. Whether those moving live in single family homes or condominiums, Toronto to Hamilton, moves mean relocating all your belongings. In some cases, it could mean moving your entire family; switching your kids schools, making new social contacts, and so on. This is enough to prevent many people from making a move. Or maybe you're overwhelmed after finally getting to wear that perfect Maggie Sottero bridal gown and starting a life with someone new and can't imagine the adjustment of moving as well.

Commuting

Thanks to the proximity of Hamilton to most other major centres within the region, commuting is a feasible option for those who don't really want to move. The transportation routes in southern Ontario are becoming increasingly more effective. There are large highways as well as several means of public transportation connecting many of the cities in the region, such as the GO train and bus systems. Many people find that the convenience of a commute trumps the hassle of a move.

Of course, commuting is not without its downsides. If you are planning on driving from your home in Hamilton to your job with a commercial real estate lenders brokerage in Brantford, you will have to consider heavy traffic during rush hour, both ways. There is also the cost involved with commuting, which includes public transport fees and/or wear and tear on your own vehicle.

Finally, commuting means dedicating a significant portion of your day to the trip into town. If you find yourself increasingly unhappy with all the details of the commute, perhaps the inconvenience and cost of a move might be worth it.





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Hamilton Canada


Wednesday, November 20, 2019