<<< back to article list

‘Walkability’ is the New Driving Factor behind Property Values

Blog by Brad Herman | April 22nd, 2013

“Walkability” is the new word when it comes to what buyers are looking for when they’re evaluating properties. But what is walkability? And where are the most “walkable” neighbourhoods in Canada?

The term “walkability” refers to the amount of amenities in any one particular neighbourhood, and the accessibility of those amenities to community residents without needing a vehicle to do it. The Real Estate Investment Network says that it is this walkability factor that buyers are looking for. And the more walkable the neighbourhood, the more buyers want into it, and the more they’re willing to pay.