With a population of just over 110,000, Thunder Bay is a picturesque, quiet and lovable city situated on stunning Lake Superior. It is an attractive city due to its sense of community, high employment level, housing prices, access to health care and ease of walking, biking and transit. In recent years, Thunder Bay has ranked #7 as one of the best places for new Canadians to move to. In fact, since 2000, Diversity Thunder Bay has worked hard to establish a community that is free from racism and discrimination and welcomes newcomers.
Thunder Bay has a range of growing sectors including accounting, aerospace, mining and IT making it ideal for people experienced in their careers or looking to begin a new career. The cost of living in Thunder Bay is considerably lower than that of other large cities in Ontario. The median sale price for a single-detached home is $285,000, increasing by 16.9% from last year. As such, Thunder Bay allows you to live a life free from the stresses of big city life, with lots of clean fresh air and wide-open spaces you get a workout outdoors instead of the gym, enjoy nature and have more money left over at the end of the month to enjoy life.
Burke Financial is your neighbourhood mortgage broker in Thunder Bay. If you own property in the area and want to tap into the equity in your home, contact us today to get started.