Location Location Location, the 3 L’s real estate rule now means Transit friendly. According to REW.ca’s recent survey report - people under age 30 are now only considering purchasing real estate near transit hubs, where it is easier to move from point to point.
This information is very crucial when you are looking to invest in real estate. You need to consider these 3 factors:
Is the municipality investing in public transit infrastructure?
How fast can the public transit get you to your destination?
Is the location within 7 to 10 minutes walk to public transit point?
Remember, transportation is a long term variable for real estate appreciation and making your real estate investment decision around transit hub could increase the resale value.
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