With the rising cost of living in Canada’s largest urban centers, it’s no wonder that more and more people – especially young people, are finding more affordable solutions when it comes to where they sleep, eat, and live. A recent trend is the migration of young people into more affordable municipalities outside of Toronto, opting instead for more affordable living situations, and even going so far as to living in mobile homes.
Rent is one of the biggest expenses young people face, with the average rent in Toronto adding up to just over $2,000 per month for a one-bedroom apartment.
A study conducted by LowestRates.ca found that a single person in Toronto needs at minimum a salary of $49,545 (before tax) in order to live comfortably in the city.
Many young people are looking to put down roots farther out in more economical cities like Guelph, Oshawa, East Gwillimbury, and even Barrie. Making the transition from renting to becoming a home owner is not an easy feat. For those looking for more land than house, trailer homes might just be the solution you didn’t know you were looking for.
The Advantages of Purchasing a Mobile Home
A Few Final Thoughts
While living in a mobile home might not be where you envisioned yourself in the long term – it does serve as a more economical solution to the rising cost of living in large urban centers like Toronto. Moreover, there is an entire movement dedicated to the lifestyle living in small quarters offers. Check out our previous blog Compare and Contrast: Mobile Trailers Vs. Tiny Homes to learn more about the Tiny House Movement.