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| title | "Location, Location, Location In Canadian Real Estate Prices" |
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| body | "Hi there. In this post, I want to talk about location along with real estate prices. Location is one of the biggest factors when it comes to housing prices. After doing house hunting with the family, I know for sure that location is a big factor that affects prices in the Toronto and surrounding area.
Do house hunt at your own risk. Although this post does have information on real estate topics, the contents here are from one person.
<center><img src="https://cdn.pixabay.com/photo/2017/06/22/11/54/town-2430571_960_720.jpg" /></center>
<center><a href="https://cdn.pixabay.com/photo/2017/06/22/11/54/town-2430571_960_720.jpg">Pixabay Image Source</a></center>
## Housing Prices By Canadian Provinces
---
To start, I will go over location factors by Canadian provinces. It is known that the Vancouver area (West Canada) has some ridiculous housing prices and Toronto is not far behind. Reasons for these prices include big foreign investments, house flippers, large demand to live in bigger cities and living near family members in bigger cities. One million dollars (CAD) is not worth that much compared to fifteen or twenty years ago. One million may get you at best a semi-detached house or a townhome in the Toronto area at least. In the Vancouver area, I wouldn't really know but I think it would be more expensive than Toronto on average. You get more value on the home purchase outside of these two cities (with one million Canadian dollars).
There are more affordable family homes in the province of Alberta. According to [zolo.ca](https://www.zolo.ca/calgary-real-estate/trends), the average sold price is 445,000 CAD. A detached house in Toronto can easily be a million dollars (CAD) but in Calgary (in Alberta) you can find a [decent detached house](https://www.royallepage.ca/en/property/alberta/calgary/50-cramond-close-se/13924920/mlsa1051286/) for $375, 000 (CAD). This is a massive difference.
In the east side of Canada, the province of Nova Scotia has affordable housing. Prices in Nova Scotia The demand to live out east is not very big. Although the seafood is cheaper there, the winters over there are much harsher than Toronto. According to [this website](https://teamclinton.ca/ask-the-experts/what-is-the-average-house-price-across-nova-scotia/) the average house price in July 2020 was $289,243.
Location is a big factor when it comes to Canadian home prices. Keep in mind that the underlying thing behind the location factor is demand (and weather).
<center><img src="https://cdn.pixabay.com/photo/2017/06/13/22/42/kitchen-2400367_960_720.jpg" /></center>
<center><a href="https://cdn.pixabay.com/photo/2017/06/13/22/42/kitchen-2400367_960_720.jpg">Pixabay Image Source</a></center>
## Rural Vs City Housing
---
This section is not just limited to Canada. In general, houses in the city are priced higher than houses near the city or far from the city. The demand for houses is higher in urban areas as there is more access to grocery stores, shopping, schools and entertainment. Houses located away from the city do require more travel and gasoline to get to work, stores, shopping and entertainment. A residential property that is far from the city has a lower demand and price (all other factors being equal).
<center><img src="https://cdn.pixabay.com/photo/2017/11/16/19/29/spring-2955582_960_720.jpg" /></center>
<center><a href="https://cdn.pixabay.com/photo/2017/11/16/19/29/spring-2955582_960_720.jpg">Pixabay Image Source</a></center>
## Neighbourhoods As Factors For Prices
---
Another factor to keep in mind is on neighbourhoods. Is the area of the property safe for children? Is the area good for walking around (Check Walkscore Rating)? Is the area a low crime area or a high crime area? Some neighbourhoods have nicer houses than others even though it may be in the city or in the suburbs. The neighbourhood factor is generally not a big factor but it can be big for some home buyers.
<center><img src="https://cdn.pixabay.com/photo/2014/08/12/00/01/santorini-416136_960_720.jpg" /></center>
<center><a href="https://cdn.pixabay.com/photo/2014/08/12/00/01/santorini-416136_960_720.jpg">Pixabay Image Source</a></center>
## Other Location Factors
---
* Houses near a nuclear power plant would have lower prices due to safety concerns.
* Houses on a main or busy road are priced lower than houses on quieter roads.
* Properties near busy and loud highways are in lower demand which reduces prices.
* Residential areas near grocery stores, plazas and public transportation would have higher prices.
* Keep in mind that as things changes over time, certain locations could become more in demand or less in demand by neighbourhood, city, region, province/state and country.
<center><img src="https://cdn.pixabay.com/photo/2016/03/22/04/23/map-1272165_960_720.png" /></center>
<center><a href="https://cdn.pixabay.com/photo/2016/03/22/04/23/map-1272165_960_720.png">Pixabay Image Source</a></center>
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@dkmathstats/location-location-location-in-canadian-real-estate-prices)" |
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| expiration | 2020-11-28 01:39:42 |
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| operations | | 0. | | 0. | vote |
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| 1. | | voter | taliakerch |
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| author | singa |
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| permlink | 36phrp-my-marketfriday-at-the-masters-fair |
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| expiration | 2020-11-28 01:31:45 |
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| id | ssc-mainnet-hive |
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| json | {"contractName":"nftmarket","contractAction":"buy","contractPayload":{"symbol":"CITY","nfts":["648154","648164","648171","648177","648247","648379","648388","648391","648404","648427"],"marketAccount":"mysmarket"}} |
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hiveblocks