Your opinion of Bradford?

Hey guys, I am looking to spread my wings and fly (out of my parents home and into my own!). I currently live in Vaughan, and really like the area but do not want to buy for myself in Vaughan due to the home prices, property taxes and utility prices all being way too high. I was thinking of Bradford. Bradford did have somewhat of a boom about 5 years ago and people that bought then have equity or have taken the money and ran. Other than the specifics of the home, what do you think of the area itself? Do you see potential for more appreciation in home prices? Does the area have the qualities of an area worth investing in?

Interested in your thoughts.

Thanks a lot.

Mohsen

Comments for Your opinion of Bradford?

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Dec 07, 2012
 RE: Your Opinion of Bradford
by: Tom Karadza

Thanks Mohsen,

I like your thinking. We don't have Bradford stats handy but here's what we'd do.

Call City Hall and ask them for their population growth numbers and the average income of the city.

If population is increasing faster than Ontario as a whole is... then it's a sign that more people are moving into the community than out of it. That's good.

Also, if the average family income is higher than the provincial average it's a sign that the real estate market of the area may be healthy for some time to come.

Finally, if there are any new transportation improvements... more highway access, wider roads to other communities etc... that will likely bring more development which is also a good sign.

If Bradford has those then the fundamentals continue to look good.

Lastly, keep an eye on Canadian interest rates... if they shoot up on us unexpectedly it can dampen prices for a few years.

Hope that helps!

Tom

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