Choosing the right location

By Laurent Fontaine

May 26 2008

Start by making a list of all the features you want in your new home, then use the list to target your search.

Keep in mind, the number of rooms and style of home are not the only important considerations. Location is key if you plan to stay in your home for many years. You’ll also need to weigh the pros and cons of living in the country, the city or the suburbs ( e.g., in the country you’ll need to drive more often, but in the city, each square foot of property will cost a small fortune). Make location a priority as it will have a major influence on your lifestyle.

If you have children, you will probably want to be close to schools and other amenities such as daycares, hospitals and shopping centres - especially since the price of gas is on the rise. Before making a decision, you may also want to consider your future needs and where you want to be in the next 10 years.

See related articles

Choosing the right location
Start by making a list of all the features you want in your new home, then use the list to target your search.
Exploring the neighbourhood
Once you have started narrowing down your choices, explore every nook and cranny of the neighbourhood. Take the time to visit the area at different times during the week, and ask yourself the following questions.
Your credit rating is your best ally
Unless you’re independently wealthy and can pay for your home in cash, you’ll need to take out a mortgage. Before granting you a loan, your financial institution will conduct a credit check to determine your creditworthiness, which is reflected by your borrowing and repayment history.