Homebuyers increasingly want to live in more walkable and livable neighbourhoods. Yet in urban centres like the Greater Toronto Area, those looking for a family-friendly home often move to car-dependent suburbs with lower home prices. That raises questions about how homebuyers make their decisions. Specifically, what happens when location-related costs are added to the “sticker price” of a home?
This report approaches that question through the eyes of four Toronto-area homebuyers, who have been used as case studies. It analyzes the costs and benefits of various home locations, taking into consideration factors such as home price, transportation costs, commuting times, walkability and livability. The result is a quantitative illustration of what location costs mean for homebuyers.
Location Matters
Factoring location costs into homebuying decisions
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Leading the transition to clean energy requires advancing solutions to today’s energy challenges from various angles.
The Pembina Institute has spent four decades working to reduce the environmental impacts of Canada’s energy production and to provide actionable ideas on how to implement clean energy.
