Sudbury is currently regarded as a seller’s market, having experienced an inventory shortage since January 2020. Pent-up demand remained until the end of March 2020, but COVID-19 has since slowed down sales, as many buyers have held on moving forward with purchases due to economic uncertainty. Given the pent-up demand experienced so far this year, it is expected that the market will bounce back very well post-COVID-19.
Currently, low housing supply is the top concern for homebuyers, the majority of which are classified as suburban families or those moving up in the market.
So, what are the best neighbourhoods in Sudbury to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Sudbury.
10 Most Liveable Neighbourhoods in Sudbury
Sudbury’s Future Liveability
The liveability of Sudbury’s neighbourhoods is expected to continue improving over the next three to five years. The city is constantly reengineering its neighbourhoods, adding dog parks and green spaces, new cultural and art centres. This focus on the future of the city and sustainability will only continue to improve liveability in the region.
Sudbury at a Glance
Sudbury is the largest city in Northern Ontario by population, and Ontario’s largest city by land mass. Residents are concentrated around the region’s many smaller neighbourhoods found nestled around the rocky hills and many lakes that characterize the region. Historically, Sudbury’s major industry has been mining, but more recently, the area has diversified into a retail, economic, health and educational hub for Northeastern Ontario.
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
Lydia McNutt is an award-winning journalist and editor, with almost two decades of experience in the real estate sector. At RE/MAX, Lydia is responsible for developing consumer-facing content while promoting the RE/MAX brand. This includes housing market reports and RE/MAX network news featured on the RE/MAX Canada blog and social media channels. Lydia has been published nationally on topics ranging from real estate, architecture, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is busy “momming” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at firstname.lastname@example.org