What are the differences between living in the inner city core and in the suburbs?
Two very different sets of benefits determine whether homeowners are drawn to the suburbs or to the inner city core. Very often the suburbs have more of a sense of community: neighbours tend to communicate more frequently and young children have more opportunity to meet each other in a green and safe environment. For outdoorsy types who prioritize fresh air and access to nature, the suburbs may also seem more appealing than the crowded city core.
The city, on the other hand, offers a vibrant and dynamic climate with a easy access to cultural activities, entertainment, and recreational options. Proximity to work and friends may motivate urbanites to maintain a busy and motivated lifestyle. For bachelors or young couples, it may be easier to maintain a healthy social life in the city than it is in the suburbs.
Real estate prices in the suburbs are cheaper per square foot, which means you can get more space for your buck. For many young couples with children, inner city homes within their price range may be too cramped for comfort, leading them to opt for a single family home in the suburbs instead. That doesn’t necessarily mean that life will be cheaper though. When you factor in the expenses of commuting, as well as the upkeep of a single family home (higher monthly bills, gardening costs, cleaning costs, etc), the prices tend to remain relatively even. For more information on the monthly costs of single family homes vs urban condos, refer to this article. >>
Cities are convenient in the sense that you’ll always be close enough to public transportation and won’t have to drive everywhere. Groceries, pharmacies, restaurants and banks are peppered on almost every block. In the suburbs, however, most homes have an extremely low walk-score and require cars even for day-to-day errands. When it comes to commuting too, chances are your urban home will be closer to work than your average suburban one. How important is that extra half hour or hour you’ll spend in traffic per day? Does your schedule and family commitments permit the extra time spend commuting?
The final thing to consider when comparing urban and suburban life is the difference in cultural diversity. In the downtown core you’ll meet people from all over the world, will hear a range of different languages and will be exposed to a range of different opinions. The further into the suburbs you go, the more standardized your range of experiences will be. In some suburbs, the range of dining options are limited to chain restaurants and food courts in malls. This isn’t just a consideration for young adults- it’s also something all parents will need to weigh in when deciding where to raise their children. At the end of the day, it comes down to deciding which is more important for your child to be exposed to: safety, nature and friendliness, or culture, art, and diversity.
The suburbs and the inner city core offer a very different set of benefits to a home owner or a tenant. Depending on your budget, priorities and lifestyle choices, one might seem a much more attractive option than the other. If you’re still not sure which is right for you, request a personal consultation and we’d be happy to provide you with more specific and customized information!