Posted Oct 1, 2021, 6:12 PM
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Registered User
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Join Date: Feb 2009
Posts: 596
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As someone who is in the process of moving out east from Toronto (we just bought a house in Saint Andrews) I can tell you that it isn't just the pandemic.
From our perspective, the Toronto housing market is super hot and we wanted to take advantage of this and put ourselves in a better overall financial position. We were able to sell our home, buy a new one out east, and be mortgage free. We both work from home so it makes sense. There are lots of people in the same boat as we are, especially people like myself who was born and raised in New Brunswick but left 25 years ago.
We looked at Halifax but to be honest, we didn't see the value of moving there from Toronto. The houses were small for the price and we always wanted to retire (one day) in Saint Andrews and thought if we don't get in now, it is only going to get even more expensive. Plus we liked being an hour from Saint John where there is just so many cool things happening in terms of food, nightlife, shopping, and culture. There is a really interesting renaissance happening there. One of my former employees also made the move, to the Kingston Peninsula north of SJ. They made the move for the exact same reason.
So, I think you will see even more people making this move. New Brunswick is far more affordable and you can get much more "house" for the price. Especially compared to traditional Ontario rural retirement destinations like Collingwood, Prince Edward County, Niagara-on-the-Lake, or god forbid the over-priced Muskoka.
So buy your homes and land now folks, the Ontario invasion is approaching.
LOL
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