In today’s housing market, “liveability” has become a pivotal factor for Canadians when choosing a place to call home. According to the RE/MAX 2024 Liveability Report, an impressive 86% of Canadians express satisfaction with the quality of life in their local neighbourhoods. But what specific elements contribute to this sense of liveability?
“Housing affordability still ranked high for homeowners and homebuyers, with 44 per cent of Canadians reporting that affordability is the chief liveability factor. Interestingly enough, this is down by three per cent compared to the 2020 survey results.”
remax.ca
So what else is important to Canadians when they want to maintain or achieve a certain quality-of-life and purchase a home? Here are the results from the RE/MAX 2024 Liveability Report.
Key Factors Defining Liveability for Canadians:
- 44% – Affordability
- 10% – Neighbourhood Safety
- 6% – Walkability
- 6% – Age of the Home
When choosing a place to live, Canadians prioritize more than just square footage and property prices—they seek communities that enhance their overall quality of life.
Amenities and Features Buyers May Want In A Location :
- Access to Green Spaces: Proximity to parks, trails, and natural landscapes is highly valued.
- Public Transit Availability: Efficient and accessible public transportation options are crucial for connectivity.
- Healthcare Facilities: Ready access to hospitals, clinics, and other medical services ensures community well-being.
- Educational Institutions: The presence of quality schools and universities is a significant consideration for families and students.
- Cultural and Recreational Amenities: Museums, theaters, sports facilities, and community centers enrich residents’ lives.
Liveability in Kitchener-Waterloo:
Waterloo Region exemplifies many of these liveability factors, making it a desirable place to reside. Notable attributes include:
- Many Walkable Neighbourhoods: The ease of navigating neighbourhoods on foot, with quick access to amenities and downtown cores, enhances daily convenience and promotes a healthier lifestyle
- Thriving Tech Industry: Known as “Canada’s Silicon Valley,” the area hosts major tech companies like Google and Shopify, offering abundant employment opportunities.
- Educational Excellence: Home to renowned institutions such as the University of Waterloo, Wilfrid Laurier University and Conestoga College, the region attracts students and academics worldwide.
- Robust Healthcare Services: Residents have access to top-tier medical facilities, contributing to high health and safety scores.
- Cultural Vibrancy: The community hosts numerous festivals and events, including the famous Oktoberfest, fostering a lively cultural scene.
- Access to Nature: With the Grand River running through the city and numerous parks and trails, outdoor enthusiasts have ample recreational options.
- Efficient Transportation: The iON light rail and Grand River Transit systems provide comprehensive public transit, enhancing connectivity within the region.
- Safety and Community: Kitchener-Waterloo boasts a strong sense of community with relatively low crime rates, contributing to residents’ overall sense of security.
These factors collectively contribute to the high liveability scores of Kitchener-Waterloo, making it an attractive destination for individuals and families seeking a balanced and enriching lifestyle.
What qualities are you looking for in a neighbourhood?
If you’re looking for your next home in Kitchener-Waterloo, talk to us about what factors are most important to your quality of life. We’d love to help you find your dream home in the ideal neighbourhood.
