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Canadians loving their neighbourhoods in COVID-19

Canadians loving their neighbourhoods in COVID-19

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Canadians loving their neighbourhoods in COVID-19

If the crisis of the few last months has proven anything, it’s that Canadians love their neighbourhoods.

According to a Leger survey conducted on behalf of ReMax, 82 per cent of Canadians say they would sacrifice at least one desirable attribute in order to live in the neighbourhood they believe meets their liveability “must-haves,” and 90 per cent of Canadians love the neighbourhoods they live in.

Liveability is about quality of life at a local level. A neighbourhood’s dynamism involves a delicate convergence between independent small businesses, public institutions, arts and culture, greenspaces and housing and other factors. COVID-19 will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic and local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near- and mid-term.

“For the benefit of local small businesses and the capacity of residents to restore a high quality of life, or liveability, to their respective communities, the degree of local pride should give us all optimism,” says Christopher Alexander, executive vice-president and regional director, ReMax of Ontario-Atlantic Canada.

The 2020 ReMax Liveability Report explores the qualities that give each homeowner the true satisfaction of living in their neighbourhood, such as access to greenspaces or restaurants and entertainment. According to the report, 91 per cent of Canadians have at least one important liveability factor that’s very important to them when it comes to the neighbourhood they live in now or would like to live in, in the future.

Not surprisingly, housing affordability came in at the top at 61 per cent, followed by:


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Home Realty: It’s All In The Planning

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Home Realty: It’s All In The Planning

Six benefits of buying in a master-planned development

There are many advantages to purchasing a home that’s part of a master-planned community. Here is a rundown on the top six reasons why you may want to consider buying your next abode in one of these communities.

WELL THOUGHT OUT

Master-planned developments typically incorporate amenities and retail stores, all of which make life within them more enjoyable. The developer also tends to have a longer-term commitment to these communities, so is therefore more likely to produce better-quality housing, which translates into less maintenance over the lifetime of these homes, and higher resale values if and when the time comes to sell.

GOOD LOCATIONS

Master-planned communities tend to be built in better areas, neighbourhoods that are located within close reach of quality schools, transportation and transit networks, shops and services and recreational options. And while these communities are situated nearby to everything, in the case of lowrise neighbourhoods, they’re also designed so that traffic within them is controlled, providing peace of mind for residents who don’t need to worry about living on a busy or noisy street.

VARIETY

Builders of master-planned communities ensure that these neighbourhoods have a cohesive and consistent design, while also making certain there is enough design variety that they don’t end up looking like cookie-cutter developments. Architects create a selection of product types, from detached homes to townhouses to multi-family buildings, and these homes employ a blend of building materials so the product is appealing to the eye but also works well within the development’s surroundings and context.

AMENITIES GALORE

Master-planned developments usually have a wide selection of amenities. In the case of midrise or highrise projects, this includes party rooms, pools, gyms, entertainment and media rooms. Many condo developments are also incorporating more outdoor amenities such as green spaces, rooftop terraces and communal gardens.

SENSE OF COMMUNITY

All those aforementioned amenities mean that a master-planned development tends to feel more like a real community, with the residents believing they are a part of something bigger than themselves. In the case of lowrise neighbourhoods, children playing in the parks or on the playgrounds will generally be attending the same schools, and their parents are more likely running into one another at the community centre or while shopping. This can lead to neighbourhood barbecues and get-togethers at each other’s homes. In a condo building, residents will meet in the gym or entertainment rooms and make connections there.

LASTING VALUE

Homes within master-planned developments typically have greater value over the long term as a result of their ample amenities and quality locations, plus the fact that the units are built with quality and cohesive design in mind.

Debbie Cosic, CEO and founder of In2ition Realty, has worked in all facets of the real estate industry for over 25 years. She has sold and overseen the sale of over $15 billion worth of real estate and, with Debbie at the helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. In2ition has received numerous awards from the Building Industry and Land Development Association and the National Association of Home Builders.

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