5 Reasons to Consider Living Downtown

You often hear about “move-over” homebuyers flocking to the suburbs in search of a place to call “home.” But with Millennials making up the largest segment of homebuyers today, and Generation Z expected to outnumber them within a year, there’s renewed interest in being in the centre of it all. In the heart of the action. Downtown. Here are 5 benefits that make a great case for downtown living.

Could downtown living be the lifestyle that fits you?

Urban Conveniences

A big draw to downtown living is having urban conveniences at your fingertips. Your office is within walking distance. Your favourite restaurant and the hottest club are a short stroll away. For trips further afield, public transit is often just outside your front door, ready to do the driving for you.

Unique Neighbourhoods

Downtown neighborhoods are by nature older than suburban counterparts, and thus are often steeped in culture and history, and flaunt a character all their own. Whether it’s Vancouver historic Yaletown neighbourhood, Toronto’s off-beat Kensington Market or perhaps Hamilton's Crown Point East with it's young, hip vibe, no two neighbourhoods in a city are alike.

Up-and-Coming Areas

Many older downtown neighbourhoods experience a revival, prompted by younger residents moving into the area to take advantage of fixer-uppers at lower prices, supporting new businesses or opening their own, and over time, transforming a down-and-out neighbourhood into the next big thing.

Higher Property Values

The suburbs give you more home for your money, downtown dwellers often enjoy a greater return on their long-term investment. And depending on which city you live in (or aspire to!) you can still find the “affordable” homes in up-and-coming communities – if you can get in before the boom!

Hello, Party Central!

By virtue of being in the heart of the action, your place will naturally become the meeting place for friends before going for dinner at the trendiest restos, or out for a night on the town at the hottest clubs. (BONUS: You can just walk home after you’ve had a few bevvies!)