Image by Jason Pinaster from Pixabay

More and more of us dream of owning our own home but at the same time feel priced out of Toronto’s real estate market. As the cost of a house in the city continues to skyrocket, we feel we’ll never be able to find something we can afford—at least not without mortgaging our lives in the process. Most of us know someone who ended up buying an affordable home outside the city only to spend hours a day commuting when that time could be spent with family and friends.

But there are still good options for those of us who want to own a home in the city without taking out a mortgage we can’t afford. With a little research and some help from the right financial institution, owning a home in Toronto remains possible.

There are several up-and-coming neighbourhoods in the city that are fun, safe, and still offer homes that sell for less than $1 million. For example, let’s look at Mimico, a small enclave located on Lake Ontario in the suburb of Etobicoke, just west of Toronto’s pre-amalgamation border. This one-time sawmill settlement retains a lot of the flavour of a small Ontario town, is just minutes from the downtown core, and is home to a vibrant, diverse community.

Continue to read on: Toronto Life