{"id":12535,"date":"2019-05-24T15:15:46","date_gmt":"2019-05-24T22:15:46","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12535"},"modified":"2019-05-08T11:00:52","modified_gmt":"2019-05-08T18:00:52","slug":"12535","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/05\/12535\/","title":{"rendered":"Young Families in Metro Vancouver Prioritize Having Homes Near Public Transit"},"content":{"rendered":"<p style=\"text-align: justify;\">We all know that \u201clocation, location, location\u201d is key when it comes to homebuying priorities \u2013 but what makes a really good location?<\/p>\n<p style=\"text-align: justify;\">Mustel Group and Sotheby\u2019s International Realty Canada\u2019s Modern Family Home Ownership Trends Report : Neighbourhoods \u201cIn Transit\u201d polled young \u201cmodern family\u201d homeowners in Canada\u2019s four biggest cities to find what their top priorities were when it came to the location of their home.<\/p>\n<p style=\"text-align: justify;\">The survey found that, in Metro Vancouver, transit-friendliness is cited as a top-three location priority for 30% of young-family homeowners. Across Canada, that figure drops slightly to 28%.<\/p>\n<p style=\"text-align: justify;\">In comparison, the car-friendliness of a neighbourhood, such as access to major arterial roads and plentiful parking, was one of the top three location priorities for just 13% of Metro Vancouver families, and 17% across all Canadian survey respondents.<\/p>\n<p style=\"text-align: justify;\">Brad Henderson, president and CEO of Sotheby\u2019s International Realty Canada, said, \u201cTransportation and housing have always been inextricably linked. Investments into any transportation infrastracture, whether rapid transit, bus lines, roads, or bike lanes, not only have a direct impact on a community\u2019s quality of life, but often, real estate values. The importance that many of today\u2019s young families are placing on neighbourhood public transit access when home buying reflects changing attitudes and values, the strains of cost of living, as well as improvements to transit infrastructure made to date. These priorities also point to what this influential group of buyers will deem prime real estate locations in the future.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Safety First<\/strong><\/p>\n<p style=\"text-align: justify;\">However, transit was not the number-one priority when it came to home location, in any of the cities polled \u2013 in fact, it was the fourth most important factor. The highest location priority was deemed to be a safe, low-crime neighbourhood \u2013 cited as a top-three factor by 48% of survey respondents.<\/p>\n<p style=\"text-align: justify;\">Other factors that made a home\u2019s location desirable for young Canadian families included: proximity to work (ranked by 38% of families as a top-three location priority); being near family (30%); being close to parks and nature (24%); and living close to an elementary or secondary school (24%).<\/p>\n<p style=\"text-align: justify;\">The survey also found that 57% of young-family homeowners had purchased their home a half-hour-or-less commute to their workplace or school, and that 84% of modern family homeowners were satisfied with the length of their commute.<\/p>\n<p style=\"text-align: justify;\">\u201cMetropolitan areas across Canada have been grappling with balancing the needs of growing populations, and various priorities in transportation,\u201d said Josh O\u2019Neill, general manager of Mustel Group. \u201cThis report sheds light on the specific needs and priorities of young urban families when it comes to the neighbourhoods in which they live and buy real estate, with findings that highlight the importance of the issue of transportation for this cohort.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/biv.com\/article\/2019\/05\/homebuyers-prioritize-transit-friendly-locations-over-car-friendliness-poll\" target=\"_blank\" rel=\"noopener noreferrer\">Homebuyers Prioritize Transit-Friendly Location Over Car-Friendliness<\/a> by Joannah Connolly | Glacier Media Real Estate | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all know that \u201clocation, location, location\u201d is key when it comes to homebuying priorities \u2013 but what makes a really good location? Mustel Group and Sotheby\u2019s International Realty Canada\u2019s &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/05\/12535\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12535","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Young Families in Metro Vancouver Prioritize Having Homes Near Public Transit &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/05\/12535\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Young Families in Metro Vancouver Prioritize Having Homes Near Public Transit &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"We all know that \u201clocation, location, location\u201d is key when it comes to homebuying priorities \u2013 but what makes a really good location? 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