If you currently in the process of looking into different living options and are weighing between a house and an apartment, I suggest that you look into another potential options, that being condos. Condos have always been a part of the real estate scene, however, a house in the suburbs has usually been the more predominantly popular option. However, after the housing crisis, people started staying away from buying houses, and slowly started moving towards condos as another option, and now condos have become very popular. In fact, you can easily find new condos Toronto because of the sheer number of projects being launched every year in order to meet rising demands.
Condos, like houses, are permanent property investment, so once you have made the necessary payments for the condo, it is yours forever, so you get the same safety net advantage that you can get from houses. However, houses have gotten really expensive and being able to afford one is beginning to get really difficult, condos, on the other hand, are not as expensive, so they are still a relatively affordable option. Plus, condos do not come with as big a risk as houses. Yes, they will appreciate really slowly, however, there is very little risk when you are buying a condo.
Condos offer a lot of convenience because they are not located in the suburbs; they are usually located around the city, so everything ends up being a lot closer to you, which is another benefit on its own. Condos also offer you a great lifestyle since condos are usually designed to be spacious, keeping up with latest design trends and so on. You are also offered amenities like parking, security services, a concierge, a shared pool or fitness center and so on.