Walk 'Til You Qualify: Is City Living Cheaper Than The Suburbs?
Is city living cheaper than the suburbs?
Inidviduals that opt to move further away from work to the Suburbs tend to look for bigger square footage for their money, good schools, low crime, Saturday morning youth hockey, but keep the high paying jobs in the Metropolitan area . The overall picture combined with travel costs, the numbers are higher than what buyers might imagine.
There is an old saying "Drive till you qualify" when looking for an affordable neighbourhood close enough to work in the inner city core. With the rising cost of gas, the strategy has become "Walk till you qualify."
More empty nesters are moving back closer into the Metropolitan areas. I have encountered high paying professionals that look to purchase a pied de terre in the City close to work for the weekdays to reduce the commuting time.
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Anne Lok,
Sales Representative H o m e l i f e / R e a l t y O n e L t d . B r o k e r a g e*
Office:
416.922.5533 Direct:
416-799-9632www.urburbia.ca