Liveable Neighbourhoods Rank High Among Selling Features

Liveable neighbourhoods are quite possibly the most alluring thing about a home, and certain aspects of a neighbourhoods can be a huge advantage to buyers and sellers alike. It’s little wonder why “location, location, location” has long been the motto of great real estate.

So, what makes for “liveable neighbourhoods”? The answer can be subjective, but to identify the common threads, Leger did a survey on behalf of RE/MAX and asked Canadians what features they look for in liveable neighbourhoods.

The inaugural RE/MAX 2019 Liveability Report revealed that 89 per cent of Canadians would recommend their own neighbourhood to others, which speaks to the importance of liveability when choosing a property to buy and live in.

According to the report, six in 10 Canadians put easy access to shopping, dining and green spaces at the top of their list. Proximity to public transit (36 per cent), work (30 per cent), preferred schools (18 per cent) and cultural and community centres (18 per cent) are also priorities.

Liveable neighbourhoods should also be top-of-mind when selling a home. Certain community characteristics can increase property value, such as low crime rates, access to schools and affordability. These are great selling features to tout when listing a home for sale. On the flip side, higher crime rates, neglected neighbourhoods and proximity to busy streets and highways contribute to decreased property value.

Liveability contributes to a better quality of life, which is something that every homebuyer should take into account when it comes to purchasing a new home.

For example, proximity to transit and work could lead to less commuting, and more time spent on doing the things you love. The higher the liveability the better, according to Canadians, two-thirds of Canadians’ time is spent in their own neighbourhood.

Other liveability factors to keep in mind when buying or selling a home include:

Availability of work/access to employment opportunities
Easy access to bike lanes and/or walking paths
Economic development
Population growth
Housing supply
Housing affordability
Access to healthcare facilities

To learn more about the 2019 RE/MAX Liveability Report, click HERE!

By Lydia McNutt|2019-12-18T21:58:22-05:00May 16th, 2019|Buying & Selling, Buying Tips, Selling Tips|Comments Off

PR & Content Manager RE/MAX INTEGRA, Ontario-Atlantic Canada

Lydia McNutt is an award-winning writer and editor, who’s interest in real estate, creative flair and love of the written word have brought her to RE/MAX. As Manager of Public Relations and Content at RE/MAX, Lydia is responsible for the creation and curation of content that informs homebuyers and sellers, and empowers them on their journey. Lydia executes on RE/MAX's public relations, communications and social media strategies, which includes developing reports, featured content and the consumer-facing blog at remax.ca. Lydia has been published nationally, on topics ranging from real estate, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is blissfully “momming it up” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at lmcnutt@remaxintegra.com.