admin Buying your first home is never just about today. For many Canadians, it’s also about setting up a secure tomorrow. In fact, a recent 2025 survey by the Healthcare of Ontario Pension Plan found that nearly two-thirds of Canadians see homeownership as a key part of their retirement plan. Among those who haven’t retired yet, half say they expect to sell their home to help fund retirement.
So if you’re stepping into the market for the first time, how do you pick a neighbourhood that not only fits your lifestyle now but also positions you for strong returns in the future?
Here are three things every first-time buyer should keep in mind when choosing a community with long-term investment potential.
1. Easy Access to Transit
Neighbourhoods close to public transit whether that’s subway lines, commuter trains, or rapid bus routes tend to stay in high demand and hold their value over time. Research shows that homes within walking distance of major transit stops often sell at a premium compared to similar properties farther away. If you’re a first-time buyer, this could mean better resale value and stronger rental demand down the road.
2. Flexibility for the Future
Think beyond your immediate needs. The home you buy today could one day become an income property or investment. That’s why it pays to check local zoning rules and bylaws. For example:
-
Can a basement apartment be added legally?
-
Are laneway or garden suites allowed?
-
Does the condo board permit short-term rentals?
A little foresight can open the door to extra income if you decide to rent the property later or keep it as an investment while moving into a bigger home.
3. Potential for Price Growth
Not all affordable neighbourhoods are created equal. Some are undervalued and poised for growth, while others may stay stagnant due to location drawbacks. A home near a future transit hub or in an area undergoing revitalization could see strong appreciation over time. On the other hand, proximity to a highway or industrial zone might limit price growth.
Do some digging on which areas are “up-and-coming” in your city. Just keep in mind that buying into an emerging neighbourhood often means making short-term compromises, like fewer nearby amenities, in exchange for long-term gains.
The Bottom Line
For first-time buyers, a home is more than a place to live it’s also an investment in your future. By choosing a neighbourhood with strong transit links, zoning flexibility, and room for appreciation, you’ll be putting yourself in a better position not only to enjoy your home now but also to build wealth for tomorrow.
