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Location, Location, Location: 3 Tips On Finding The Right Neighbourhood For You

Moving — many of us have done it, or can at least relate to the level of planning it takes. Whether you are moving across the city or across the globe, finding a neighbourhood that suits your lifestyle likely tops your ‘to-do’ list.

“Buying a home and choosing where to live is one of the most significant decisions in our lives,” says Ivy Chiu, Senior Director for Cultural Markets at RBC. “If you’re new to Canada, take your time to ask questions, learn about the market and various neighbourhoods, and think through what is important to you before making a decision.”

Consider these tips when narrowing down your neighbourhood search.

Budget: When you are looking for the perfect property to rent or buy, budget is a major consideration. Understanding your priorities – be it location, type of home or nearby amenities that fits into your budget will help narrow the scope of the search. Determine how much you can afford (http://bit.ly/2tJqIDv). In Canada, banks offer extensive assistance to newcomers and can help you find your dream home. Talk to a mortgage specialist when you are ready. Consulting with a specialist is free and they can meet you at your home or another location convenient for you.

Education: Finding a neighbourhood with schools is a must for people moving with children. Researching such options including additional needs like athletic programs or English/French as a second languagewill help find the community that works best for you.

Community: Feeling connected to your community be it through social programs, volunteering or local attractions can have a huge impact on your experience. Do some digging to find out more about what’s available based on your interests. It may help seal the deal.

Look before you leap and take the time to research different neighbourhoods to familiarize yourself with what’s out there. Check out the RBC Neighborhood Finder (http://bit.ly/2tGhsRc) which can help you in finding the right home and the right community for you.

Additional information is available at rbc.com/newcomers