{"id":18399,"date":"2021-07-22T09:00:00","date_gmt":"2021-07-22T13:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=18399"},"modified":"2021-07-21T15:40:09","modified_gmt":"2021-07-21T19:40:09","slug":"zoocasa-readers-chose-where-they-think-is-the-best-place-to-buy-real-estate","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/zoocasa-readers-chose-where-they-think-is-the-best-place-to-buy-real-estate\/","title":{"rendered":"Zoocasa Readers Chose Where They Think is the Best Place to Buy Real Estate"},"content":{"rendered":"\n

Earlier this summer, Zoocasa worked with Moneysense Magazine to uncover the best places for prospective home buyers to purchase a home in Canada. As the official data provider for Where to Buy Real Estate in Canada 2021<\/strong><\/a>, Zoocasa ranked neighbourhoods and municipalities across 17 regions from coast to coast using proprietary methodology that takes into account average home prices, price growth over time, as well as neighbourhood characteristics and economics.

Taking a methodical, statistics-based approach to the study allowed the Zoocasa team to take a quantitative look at which communities in Canada balanced affordability with quality of life. But, this approach makes it hard to understand more subjective factors – like which cities do Canadians hold in high regard, or which areas of the country do they feel more hopeful about?

For help understanding these, we turned to our readers to ask which place they would rate as the best place to buy real estate in Canada. In a five-round tournament on Zoocasa\u2019s Instagram Stories, readers selected the winner they thought deserved the #1 spot. Today, we\u2019re comparing your choices to the official results.

<\/em>Follow for more videos and featured listings on Zoocasa\u2019s Instagram Account<\/em><\/a><\/p>\n\n\n\n

Toronto is the Community\u2019s Pick for Best Place to Buy Real Estate<\/strong><\/h2>\n\n\n\n


<\/strong>After five rounds of voting, Toronto <\/a>took the spot as our reader\u2019s choice of best place to buy real estate in Canada with Montreal in second, and Okanagan <\/a>in third. Toronto beat out Montreal in the finals, earning 81% of the total votes.

The win demonstrates the strong affinity Zoocasa readers have for larger cities, despite the fact that affordability has been shrinking in the country\u2019s urban centres. In the official ranking, Toronto ranked third last of all Canadian communities reviewed by the study, largely due to the high cost of living in the city compared to other areas with similar neighbourhood characteristics.

Related read: The GTA Market is Moderating from Record-Breaking to Robust<\/a>

\u201cWhile other areas in the country, like London, offer up and coming opportunities, it\u2019s undeniable that the value in Toronto has been tried and true\u201d explains Zoocasa Sales Representative, Emma Pace. \u201cThis is our country\u2019s economic powerhouse. Lifestyle, employment, and new innovation are all here. Given these factors, it\u2019s no surprise that buyers feel confident investing in Toronto – all of the fundamentals of the market are here.\u201d
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