An upcoming New Year may mean a new address for some. Before deciding where to look for a home, why not take this quiz:
- Do you like to live close to your workplace?
- Do you prefer easy access to numerous dining and entertainment options?
- Do you want to reduce your carbon footprint?
If you answered “yes” to the above questions, conventional wisdom says you are looking for a castle in the clouds – a downtown high-rise apartment with a cloud-high price tag to match. In big urban areas like Toronto and Vancouver, location is the selling point, as buyers want to be close to work and play. And because many are childless professionals, they can afford to spend a lot of money to live in a small space.Suburban • Do you need space for your family?
- Do you want to be close to affordable daycare options?
- Do you value peace and quiet?
If you answered “yes” to these questions, then the suburbs might be a good fit for you. These predominantly single-family homes are further away from the downtown centre. These locations mean you may have a long commute for work, but will offer other less tangible benefits that may make up for it. Statistics Canada uses factors such as distance from city halls and central business districts, municipal boundaries, and housing density to define “Urban” and “Suburban.” But increasingly, lines are blurring; communication technology means many may work from home. So increasingly, it’s just about what feels right.