Home buyers are often considering a lengthy wishlist of features when seeking the perfect new home for their needs – and for families, schools are a top consideration.
In fact, whether a home is located within a popular school district, or near a school that is highly rated, is a main consideration for 39 per cent of Canadians looking to move, according to Zoocasa’s 2017 Housing Trends and Sentiments Report.
In the past, it’s been a chore for buyers to thoroughly research and align schools and their catchements with their home search, but a new tool, recently launched by Zoocasa, now promises to streamline the process, with Canada’s first comprehensive school search function for home-buyers. The new tool allows buyers to find schools per boundary, including elementary, secondary, public and catholic institutions. They’ll also be able to see how those schools rank, based on current and five-year historical EQAO and Fraser Institute ratings, and an average rating within every boundary. Apartment search website RentSeeker.ca also offers renters to search apartment rentals near schools and universities across Canada on their student search page here.
So, how much more can hopeful parents expect to pay to move within a highly coveted school district in Toronto? As much as $821,580, according to sold home prices in the city’s six boroughs. To illustrate how much of an impact school zones can have on buyers’ wallets, check out Zoocasa’s infographic Top of the Class: The Cost of Homes in Toronto’s Top Elementary School Boundaries, below:
By: Penelope Graham, Zoocasa
Penelope Graham is the Managing Editor of Zoocasa.com, a leading real estate resource that uses full brokerage service and online tools to empower Canadians to buy or sell their home faster, easier, and more successfully.