A few builders have their eyesight set on development in Georgetown, primarily along the lake front. Georgetown’s city council and many of its residences are concerned with the development proposal potential and the fear of fast growth in the community and the negative aspects it can bring. The fear poses that when such fast growth takes place is a community like Georgetown it will lose its small town community feel. With rapid construction and a big population boost the integrity of the community can be forgotten. Two of the proposals include a population increase of roughly twenty thousand while another two include growths of nearly forty thousand people. Many city officials from Georgetown want to see some growth take shape in their town but they want the growth to happen at a slower controlled pace.

Find more on Georgetown Ontario Real Estate Also read more on development in the area by clicking here

Even with the slowdown in real estate prices in 2006, the major cities like Toronto are still way ahead of their counterparts in the suburbs in both prices and the number of residences per square kilometre. So is living close to where you work a huge benefit ?

For those that are big on the night life and the atmosphere of the big city it still is likely worth the price. The bachelor pad or group of friends living downtown and living it up with the nightlife of the big city is still fun, and of course they share the bills and it doesn’t look so expensive.

But for the family, is there a better way ?

The suburbs are more likely to be in a price range that a new family can afford, with prices ranging from 20% – 40% cheaper than in the downtown cores. Not only that many would say that for the average family the quality of life in the suburbs is so much better.

More property for less money.
The houses not packed in so tightly.
Generally the cost of living is lower.
Less pollution and smog.
More Choice.

Even though construction in the suburbs is extremely high they are by no means as highly populated as the downtown cores. The Brampton real estate market is booming right now with a huge number of new developments, but with population of 380,000 it is by no means rural, but by the same token it is not Toronto.

If you prefer something a little quieter still but still within the reach of Toronto consider the Georgetown Ontario real estate market. Georgetown with a population of around 40,000 could almost be considered rural, but has all of the facilities of a larger city without the huge population or costs to go with it.

So major city like Toronto or a suburb/rural area, I’d take the later anytime, hence why I live in London Ontario