Buying a new home is an exciting experience; however, it can also be confusing and, at times, stressful. Today we focus on the buying process, answering a commonly asked question from clients searching for the perfect Toronto residence: What are the most important things to consider when determining the best location for us?
The key part of the question are the last two words: for us. While we've all heard the common real estate adage, "Location, location, location," the idea of the "right" location has no uniform or straightforward answer.
Of course, there are certain Toronto neighbourhoods that remain ever-desirable, each buyer's needs are distinct. Also, as families pass through different life stages their needs change; thus, different neighbourhoods offer more - or less - appeal at different times in one's life. Finally, with the pervasive gentrification of Toronto, neighbourhoods themselves are always changing, which means that keeping an open mind and looking to the near-future will serve buyers well.
Understandably, buyers must be attuned to the economic fluctuations and the strength of the housing market when thinking about the sustained value of their investment. Assuming we are writing to those looking for their own residence (and not merely an investment property) we also encourage buyers to be deeply introspective - assessing you and your family's needs to determine your priorities.
Driving or walking around your favourite neighbourhoods are a great way to get a feel for what life would be like if you resided on a nearby street. Grab a coffee from the popular java stop or enjoy a bite to eat in a local restaurant; also, take time to assess the nearby parks and recreation in person. Don't hesitate to ask friends and experts (like us) who know Toronto neighbourhoods inside and out - we have our finger on the pulse of Toronto and may have suggestions you might not have considered.
Two points of information to keep top of mind are school districts and neighbourhood Walk Score.
For those with school-age children, a handy resource for public school district boundaries can be found on the Toronto District School Board website here. If the school district is a key factor in determining where you live - as it is for many parents - it is a good idea to contact the school administration to discuss the potential future enrolment of your child(ren).
Admission to private schools is not determined by residential boundaries, but other criteria. A list of 80 Toronto private schools, along with details and website links can be found here.
As we said, walking around your favourite neighbourhoods is a great way to get a feel for whether or not it's a great fit. Access to public transportation and bike-ability are also important considerations. We love using Walk Score as a great resource to quickly assess - and compare - neighbourhoods on these criteria. The best part? It is so easy! Just click here to check the Walk Score of any Toronto address.
Thinking of buying in today's strong market? Contact OxleyRobert Real Estate to help guide you through the process with our incomparable knowledge of Toronto and expertise in the industry.
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