Whether you’re a young professional looking for a new home or a senior seeking out a place to retire – looking for the right neighbourhood and buying a home aren’t easy tasks. 

A home’s location doesn’t only affect its price in the market, it’ll also affect the lifestyle of its residents. For instance, while city life provides a diverse and exciting lifestyle, many people prefer to buy a home in suburban areas due to the idyllic lifestyle it offers. 

Suburban refers to residential areas that are in proximity to commercial areas in the city. Many suburbs exist on the outskirts of large cities and in proximity to commercial centers, offering quieter neighbourhoods – an alternative to city living. 

We’ve seen the difference with the pandemic affecting where people were deciding to live. Many parts of the world witnessed the urban exodus – when people left cities to move into suburbs and rural areas. The necessary shift in workplace systems also brought in opportunities to work remotely from home, to report physically to offices only when necessary or to do hybrid work. This sudden shift gave people a chance to explore and enjoy the perks of living a suburban life that they certainly won’t find in the city.

5 Reasons Why Suburban Living’s Better than City Life

1. Budgeted living

Suburban living offers relatively affordable housing and low cost of living. If your budget’s at the top of your priorities when looking for a home, then a home in the suburbs may be best for you. City life’s usually more expensive and high-maintenance than a humble suburban life. From renting to mortgages, you’ll pay more for all of the amenities of a big city such as transportation, shopping, infrastructure, entertainment and more at your fingertips. 

In the suburbs, you’ll be able to save money while having loads of other perks such as being closer to nature and having your own green space. City life’s so expensive that in many cases, the cost of a small apartment can equate to paying for a small 3-bedroom home with your own yard in the suburbs.

2. Healthier lifestyle

Overpopulation in the cities equates to higher levels of pollution. Aside from pollution contributing to respiratory diseases, city life, due to many factors, is perceived to be stressful and can adversely affect one’s health. Suburban living, on the other hand, has clean air and a more relaxed and peaceful environment. Research suggests that spending more time outdoors can improve your emotional, mental and physical wellbeing. Generally the suburbs are also closer to nature and green spaces which means you’ll be able to spend more time outdoors. 

3. Quality education

Quality education’s among the top priorities of families when it comes to looking for a home. Studies have shown that the suburbs have better public schools when compared to city schools that accommodate wider groups of students. 

Teachers who face less challenges in suburban schools compared to teachers in city schools are able to provide students with the attention they need to learn. With quality learning and a structured environment, there’s no better place to raise children than the suburbs. 

4. Lower crime rate

Densely populated areas with a wide array of diversity are accompanied with higher rates of crime and violence. If you’re looking for a place where you can live safely and with peace of mind, suburban areas have less crime than chaotic cities. 

5. Lower taxes

Suburban life has lower taxes than city life. Taxes in cities, as well as the cost of living, are higher because you’re paying for all the in-city services. Keep in mind that every location has different tax rates depending on the revenues levied by their respective localities.

Settle in an Area that Suits Your Lifestyle

Suburban living offers a variety of perks and benefits that a city life doesn’t. Regardless of the location you choose, the best living environment will always depend on your lifestyle and personal preferences. This coupled with your financial capability will determine the best environment that’ll work for you.

If you’re still undecided on what’s the best place to live, don’t hesitate to work with an experienced and knowledgeable realtor who can help you evaluate your home search criteria and guidance from a trusted mortgage broker who can help you along your home buying journey. 

Based just outside the Greater Toronto Area, Daisy Raouph’s a mortgage broker and financial security advisor equipped with over 30 years of experience in mortgage and financial services. Consult Daisy today.