“You don’t only buy a home, you buy a neighbourhood”
A recent National Association of Realtors (NAR) survey reveals the top things that buyers want in a neighbourhood. As Londoners, we are lucky to have so many fantastic neighbourhoods to choose from when purchasing a home. Not only is London Ontario one of the only major cities in this country that offers affordable home ownership but we have many fantastic neighbourhoods to choose from. The average home in Canada sells for $420,473 where the average London home sells for $255,786. (March 2015 Statistic, LSTAR)
Last year London’s own Old East Village was named one of Canada’s great places to live. In 2013, London’s Old South/Wortley Village was voted one of the best places in Canada. Regardless of area, London’s neighbourhoods each have something unique to offer to it’s community.
When it comes to the “wish list” of what home buyers want in a neighbourhood, here’s the results of the NAR survey.
65% look for a short commute to work
68% want easy access to a major highway
65% like public transportation within walking distance from home
66% value mature, established neighbourhoods with mature trees
85% want privacy from neighbours
74% value quality public schools within the neighbourhood
66% want to live in a community with people at all stages in life
80% look for a neighbourhood that has sidewalks and parks or places to take walks
55% value living in a space that is away from it all
69% look at a high walk score as a priority. {walking distance to shopping, park, schools}
Whether you are a fan of East, West, North or South London we can help you find your next home in a neighbourhood that meets your needs!
