Living near one of these can boost house prices

The shift towards more urban living shows that many of today’s homebuyers want to be where the action is and a new report suggests that for Canadians that includes being close to sports.

The Real Estate Investment Network says that homes near newly-built or proposed stadiums and arenas have premiums of between three and 15 per cent.

The report shows that the positive benefits of living within five kilometres of a stadium include the additional retail and leisure facilities that are usually part of the package, but there can be a negative side if property taxes are increased in the area.

REIN will unveil the full report this weekend at an investing forum in Edmonton.

Read more about the report
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Bay de Verde, Hartington, Strathcona, Saint-Martin, Crediton

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?