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May 14, 2021

6 Reasons Why You Should Purchase Your Home in the Suburbs

Are you currently looking for a new home? Well, there are certainly a lot of factors to consider, especially the location of your new home. Do you want a quiet and peaceful suburban life, or do you prefer the hustle and bustle of city life? We’ve taken a deeper dive into the key factors to give you 6 reasons why living in the suburbs is better than the crowded city lifestyle.

1) The Cost of Property Ownership

Since March 2020, the prices of homes have skyrocketed across the country. In fact, Toronto set a record as the average house price has hit a record $1 Million as of 2021. In April 2021, average prices are now approaching $1.1 million, 22% higher than they were last year. While the city life may seem exciting, it is certainly more feasible for new buyers to purchase a home in a suburban area for new buyers entering the market.

2) Own a Larger Property in the Suburbs

There is no denying it, for the same price, we can purchase a much larger house in the suburbs instead of the city. The cost per square foot for a house in Toronto is over $1,000, while most other cities in the province average around $600 a square foot. This is a major advantage as you can enjoy the additional space indoors as the whole family works/studies from home and have more outdoor space to enjoy. If you’re looking for a larger property, where you can have still have money to invest in more high-end features, amenities and upgrades, a reasonably priced suburban property is the way to go.

3) More Privacy

With a sprawling suburban property, you can enjoy the added privacy which comes with it. With the houses further apart, you can maintain your privacy without any nosy neighbours being up in your business. If you have kids, you can rest assured that they will have plenty of space to enjoy playing outdoor games or family barbeques without disturbing the rest of the neighbourhood. And as a bonus, it’s much easier to social distance when houses are farther apart!

4) Remote Work is Now an Option

Prior to the pandemic, very few companies offered the flexibility for all employees to work from home. This past year has shown that 77% of individuals report higher productivity while working from home, making it likely that work from home will continue to be an option in the future. This means that proximity to the workplace is no longer a significant factor. You can enjoy the best of both worlds, working at an exciting city job while also enjoying the relaxing lifestyle of the suburbs.

5) Avoid the Heavy Traffic

We’ve all been there, and let’s face it, traffic is loud. Cars honking, and drivers yelling really tend to destroy the peace and quiet in the area. Toronto is the second worst city in terms of traffic and congestion in all of Canada. By heading to the suburbs, you can wake up to the sound of nature and not the blaring sound system of your neighbour’s car, which is just too close for comfort.

6) Enjoy the Nature

If 2020 has taught us something, it’s that sometimes it’s good to step outside and get some fresh air. It’s always nice to take a moment to stop and smell the roses. Living in a suburb provides you with that option; most neighbourhoods are surrounded by forests, or your neighbours could have sprawling yet aesthetically pleasing gardens. You’ll have a new appreciation for the beauty of nature in your suburban home.

Conclusion

When purchasing a house, there are many factors to consider, both tangible and intangible. Before starting your search, decide which factors are most important to you; this will help your real estate agent find the best house for you! Be sure to keep these points in mind the next time you consider moving from the crowded city to the suburban lifestyle. If you’re still unsure about which location is right for you, book a free consultation with us. We are more than happy to walk you through the process of picking your dream home location.

References

https://www.theladders.com/career-advice/is-remote-working-more-productive-new-findings-give-us-an-answer

https://storeys.com/toronto-traffic-congested-report-2019/

https://wowa.ca/reports/canada-housing-market

http://www.century21franchise.ca/price-per-square-foot-survey-2020/

 

 

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