Canadians opt for longer commutes as home prices grow in suburbs

For Al Figueiredo, the scenic drive down highway 116 to Crystal Beach was enough to convince him to leave Toronto.

The school teacher who splits his time between remote work and working in the city, decided to leave Toronto’s Trinity Bellwoods neighbourhood in late June for Fort Erie, Ont.

Figueiredo says the extra space, newer home and slower pace of life were worth the punishing one-and-a-half to two-hour drive to Toronto. Even if Zoom classes end and Figueiredo is expected to return to the classroom full-time, he says he prefers the company of his commuting radio station CHFI to cheerless interactions with neighbours in the city.

As prices rise in the suburbs of major Canadian cities, telecommuting workers like Figueiredo are looking further afield than what would be typically considered a “comfortable” commute.

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Extremely active real estate market continues into September and accentuates the shortage of properties for sale in Montreal suburbs

Montreal Area Real Estate Market

Residential Sales – September 2020
Residential Sales – September 2020
Residential Sales – September 2020

L’ÎLE-DES-SŒURS, Quebec, Oct. 07, 2020 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.

In total, 5,147 residential sales transactions were concluded in September 2020. This represents a 42 per cent increase compared to September of last year and a new sales record for a month of September.

Cumulatively since the start of the year, and compared to the same nine-month period in 2019, the real estate market in the Montreal CMA has finally recovered all the transactions lost in early spring due to the COVID-19 confinement measures.

“With an average selling time of only 46 days in the Montreal area, a new record has

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Study: Solar projects driving down home values in R.I. suburbs – News – providencejournal.com

PROVIDENCE — Opponents of the development of large solar installations in rural and suburban Rhode Island argue that sprawling tracts of photovoltaic panels mar the character of their communities.

They worry that in many cases construction of the industrial energy projects mean clear-cutting acres of woodlands or building in open fields, leading to a loss of prime green space.

Now, it looks like they have something else to be concerned about.

After analyzing thousands of property sales in Rhode Island and Massachusetts over a decade and a half, economists at the University of Rhode Island have concluded that solar development is having a negative impact on nearby home values.

Corey Lang, associate professor of natural resource economics, and doctoral student Vasundhara Gaur found that prices of homes within a mile of a solar installation declined by 1.7%. Homes within a tenth of a mile went down by 7%.

Some of

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