Evaluating Your Neighborhood

Important factors to consider when selecting the location of Your new Home

Drive Around

  • Does it look like a place you’d like to live?
  • Is it near places you would like to go?
  • Is it too near places you would rather avoid?
  • What will it look like during commuting time?
  • What is it like at night?

Quality of Schools

  • What is the school performance?
  • Capacity of school in relation to the number of students?
  • Parent involvement?
  • After school activities, teams?

Education/Income Profile

  • What is the household income?
  • The education level?
  • Occupation?
  • Family Type?

Cultural Amenities

  • Proximity to museums, galleries, universities, parks, community centers, recreation facilities, libraries, seasonal entertainment, theaters, etc. Even if you don’t frequent them, they help set the tone for the area.

Property Values

  • Steady or increasing values generally mean a sound investment. It is almost always best to buy the smallest, least expensive home in the best neighborhood you can afford.

Future Growth

  • If you are not planning on staying in your new home for a number of years, an abundance of new construction being planned could affect your resale. Equally true, however, the proximity to higher end properties could help increase the value of yours.

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Evaluating Your Neighborhood

Tips for Buyer's

Glossary of Terms

Land Transfer Tax

Title Insurance

Mortgage Insurance

Mortgage Concepts

How much House Can you afford?


Buyer's Tools

Mortgage Calculator

Land Transfer Tax Calculator

Prepayment Calculator

Mortgage Analyzer Calculator

Max Mortgage Calculator

Rent vs. Buy Calculator

Credit Score Information & Online Credit Reports by TransUnion Canada



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