Can You Skip Buying a Starter Home in Toronto?
Posted by Maryann Jones on
Toronto is a place where many people dream of becoming homeowners. The city is known for its exciting mix of cultures, strong job market, and the chance to build a life in one of Canada’s largest urban centres. However, when it comes to buying a home in Toronto, new buyers often wonder whether they really need a “starter home,” or if they can jump straight into purchasing a home that meets most, if not all, of their needs for the long term.
A starter home is usually a smaller, more affordable property that first-time buyers purchase as a step toward something bigger and better later on. But with Toronto’s housing market prices rising year after year, it can feel risky to buy something that you may quickly outgrow. Some wonder if waiting longer, saving…
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