Oakville Real Estate News

Why You Should Invest Near Transit


Blog by Joette Fielding | December 14th, 2016


transit.pngHomeowners and renters are willing to pay more to live closer to work, hoping to avoid long, stressful and expensive commutes. This makes proximity to transit and highway options a key driver for Canada’s housing market.

It’s actually a global phenomenon; in London, home values rise £1,000 for every minute less that their owners have to spend on the tube daily; in Los Angeles, values of apartments and houses located a quarter to half a mile from rapid transit are 103.5 per cent higher; in Dallas, properties served by rail increase 39 per cent over those not served by rail, according to the Real Estate Investment Network (REIN).

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