5 Factors in Deciding the Right Area to Live In

5 Factors in Deciding the Right Area to Live In

We all know home is where the heart is right? What if your heart doesn’t know where it should be? There are many factors to consider when choosing the perfect area that you and your family can call home. 

Balancing factors such as budget, schools, and demographics can make the situation complicated. Saying that you should look for a house based on your lifestyle can be ambiguous too. So what are the important factors that will help you find an area to live in that suits the needs of you and your family?

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Here are the 5 factors in deciding the right area to live in: 

1. Budget

You can only afford what you can afford right? Therefore, budget has no bearing on the price of a neighbourhood. You don’t want to make a bad decision by stretching out your budget to get into a certain neighbourhood. 

2. Demographic

Demographics in the Greater Toronto Area (GTA) have changed enormously. There are neighbourhoods that are losing populating because of again empty-nesters. Then there are neighbourhoods exploding in population because of immigration.

Therefore, you should understand the demographic of a neighbourhood, as well as the future trends to find a long term home that suits the way you want to live. 

3. Proximity to Work and  Transit

Do you want to commute 30 minutes or 2 hours to get to work? Well, what good is the perfect area to live in if you have to commute 2 hours? You have to find a home in an area that will add to your life and not suck it out of you.

You can do this by putting more of an importance on the convenience of transit. Therefore, you should live in areas close to major highways and rapid transit services like the GO Transit. 

4. Schools

School is an important factor in the purchasing decision. There are many, many home buyers basing their home buying decision on how well a school performs. Therefore, a neighbourhood’s desirability and future value are tired to how well its schools perform.

For example, if you’re looking for houses and condos for sale in North York, you will find several elementary schools, as well as York University and Seneca college for undergraduate and post graduate studies. 

Related Article: Top Rated Schools in Toronto

5. Amenities

Do you want to have close access to malls and shopping? Or do you want to live in an area that is complete with restaurant and cafe’s? Knowing what you want out of your next neighbourhood will help you determine what areas may be a good fit for you and your family. 

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