“Location, location, location” is the mantra of smart homebuyers and successful real estate investors alike, and with good reason. Location is the one thing you can’t change about your home, and it affects virtually every other aspect of your life. Where will you socialize and who with? Will your kids have access to great schools and extra-curricular activities? How much time will you spend commuting to and from work? All biggies, when it comes to liveability. So, how do you identify those hot spots that offer good affordability, liveability and returns?
For the third year running, RE/MAX agents were enlisted to aid in MoneySense magazine’s Where to buy Canadian real estate report, which ranks 35 cities and 2,244 neighbourhoods based on value, momentum and expert insight. RE/MAX agents were asked to evaluate each neighbourhood with a grade.
What Canadian city took top spot on the list? Brantford, Ontario was selected as the best city to buy real estate, thanks to its thriving economy, low unemployment, steadily rising house prices, the happening academic scene and of course, Nutella. (That’s right folks, this favourite spread is made right here, with Brantford hosting its very own World Nutella Day.)
Without further ado, check out this slideshow for the top 25 cities to buy real estate in Canada:
Beyond the big city stats, MoneySense also delved down to the neighbourhood level, to identify the best places to buy.
Beyond price, RE/MAX’s 2018 Spring Market Trends Report surveyed Canadians to find out what other factors are on their radar when shopping for a home. Respondents rated access to green space as the most important asset. Here are some of the other “liveability” factors that Canadian homebuyers have on their radar.