Top Reasons to Buy a Home in Ontario
Houses are expensive, and properties in Ontario are no exception to this rule. If you educate yourself first, you will make the entire home-buying process way less stressful and maybe find that perfect home during this journey.
This post explores some of the top reasons for buying a home in Ontario, Canada. Here’s what you need to know:
It’s The Province Of Opportunity
Ontario is Canada’s most economically active and diverse region. Therefore, people move here from all over the country (and the world) to take advantage of the career opportunities it offers. Top cities in the province include Toronto, London, Ottawa, and Hamilton. There are also dozens of smaller towns offering quiet suburban environments with excellent access to the big metro areas.
It’s Full Of Natural Wonders
Ontario is also home to some of Canada’s most stunning natural environments. Besides the Canadian Niagara Falls, it plays host to Ouimet Canyon, Flowerpot Island, and Petroglyphs Provincial Park.
What’s great about these wonders is that they are often close to residential areas. You can live near them and enjoy the spectacular views and recreational opportunities they offer at the weekend.
It Offers A High Level Of Family-Friendliness
The state of Ontario is also a family-friendly place to live. Real estate is often close to parks and schools, built around local neighbourhoods and communities.
It also has favorable tax rules, designed to help less well-off families in the area. For instance, the Ontario sales tax credit (OSTC) helps to reduce the amount of sales tax low-income families pay. This tax year (July 2022 to June 2023), the program offers a maximum of $324 credit for each adult and child in the family. Credits begin to diminish as your income goes over $31,144 if you are living with a spouse or common-law partner.
It Has Some Excellent Universities
Ontario homes for sale are also near many of North America’s top universities. The University of Toronto comes in at number 19 in the world, followed by McMaster, the University of Waterloo, and the University of Ottawa.
It’s Great For Anyone Who Wants To Be Self-Sufficient
Being such a vast area, Ontario is also a relatively autonomous region. It plays host to forestry and mining industries, several manufacturing centers, and ample agricultural goods.
It Has Great Cities Which All Contribute Something Unique
Ontario’s cities all offer something unique. Ottawa is a business hub, while Toronto has its food scene and Waterloo is for anyone who wants to get into tech.
It Has Good Healthcare
Lastly, people invest in Ontario because it has good healthcare. Like the UK, Canada has a publicly-funded healthcare system. However, the amount of tax revenue it plows into it and the services it offers, differ from one province to the next. Ontario is one of the best-funded, so people flock to the area.
Ontario is the province of choice for most people living or moving to Canada. It offers the best of both worlds: all the comforts of a modern industrialized civilization plus stunning, natural beauty.