If you’re searching for an area that provides the perfect balance between the hustle and bustle of a busy city environment and the slow-paced quiet life of a rural residence, then Innisfil ON could be a great idea. Rated as one of Canada’s top 10 safest cities, Innisfil has gathered a good reputation from its residents and is favourable to anyone looking to settle in this wonderful city. However, before making up your mind about investing in Real Estate in Innisfil, it would be wise to familiarize yourself with the cost of living and at the Faris Team, we can walk you through what to expect.
Dining
According to statistics presented by Numbeo, a meal for one at an inexpensive restaurant in Innisfil can range between 10.00 and 25.00 C$. In comparison, a three-course meal for 2 people at a mid-range restaurant ranges between 39.00 and 100.00 C$. A McMeal at McDonald’s or a similar combo meal can range between 6.00 and 11.00 C$. For those who enjoy a cold beer on a hot day, half a litre draught of domestic beer at a restaurant can range between 4.50 and 8.00 C$ while a 0.33-litre bottle of imported beer costs between 4.00 and 7.00 C$. A regular cappuccino can cost up to 4.00C$ while a 0.33-litre bottle of Coke/Pepsi can go for up to 3.00 C$.
Groceries
A litre of regular milk and a loaf of fresh white bread (500g) can cost you up to 4.00 C$ each, while a kg of white rice and a kg of apples can go for up to 7.00C$. 12 regular eggs can retail for up to 4.25 C$ while a kg of local cheese can cost you up to 26.00 C$. A kg of chicken fillets would cost you up to 29.00 C$, similar to a kg of beef round. When it comes to fruits and vegetables, a kg of bananas, oranges, tomatoes, potatoes, onions, and lettuce can retail for up to 3.00, 7.20, 6.61, 5.00, 5.00, and 3.99 C$ respectively. A bottle of mid-range wine can cost up to 20.00 C$ while a 0.5-litre bottle of domestic beer and a 0.33-bottle of imported beer at the market can cost you up to 3.20 and 3.00 C$ respectively. A pack of 20 Marlboro cigarettes can cost you up to 17.00 C$, while a 1.5-litre bottle of water can go for up to 3.25 C$.
Transportation
The normal tariff for a taxi starts at up to 6.00 C$ with up to 4.00 C$ for every kilometre covered. The normal tariff for a taxi waiting for about an hour can cost up to 60.00 C$ while a litre of gasoline retails ranges between 0.76 and 1.32 C$.
Monthly Utilities
The basic utilities such as electricity, heating, cooling, water and garbage collection for an 85m2 can cost between 100.00 and 300.00 C$. Internet consisting of 60Mbps or more, unlimited data, and cable/ADSL can cost a total of up to 140.00 C$.
Sports & Leisure
The monthly fee for one adult at a fitness club can cost about 50.00 C$ while one seat for an international release at the cinema can cost between 12.00 and 15.00 C$.
Childcare
The monthly tuition fee for private preschool/kindergarten lies between 900.00 and 2,250.00 C$. The annual tuition fee for a child in an international primary school can cost between 15,000.00 and 36,000.00 C$.
Clothing & Shoes
A pair of Levis 501 jeans or similar type can cost you between 35.00 and 85.00 C$. A summer dress at a chain store can cost up to 60.00 C$ while a pair of mid-range Nike running shoes and a pair of men’s leather business shoes go for up to 120.00 and 200.00 C$ respectively.
Rent per Month
The rent for a 1 bedroom apartment within the city center can cost you up to about 2,000.00 C$ while the one based outside of the center is priced at up to 1,600.00 C$. For a 3 bedroom apartment within the city center, you can be charged up to 3,000.00 C$ while one outside the center can go for up to 2,500.00 C$.
Salaries & Financing
After-tax deductions, the average monthly net salary falls at around 3,890.00 C$ while the annual mortgage interest rate for a 20-year fixed-rate is between 1.75 and 4.00 %.
Invest Today
If you’re interested in investing in real estate in Innisfil, you need someone or an agent who is well conversant with the various neighbourhoods and their listings. At Faris Team, we can guarantee your best real estate experience when buying or selling your home in Innisfil, ON. Contact us today for more details or visit our website at https://www.faristeam.ca/
Faris Team
#14 431 Bayview Dr
Barrie ON L4N 8Y2
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