In Part 1 of Small Town Living, we looked at some of the benefits of getting out of the big city in favour of a smaller community. The benefits are many and I will do a brief summary of them later. But there is one that I didn’t mention in Part 1. And it’s a biggie. Money.
Generally speaking, you can get more house for your money (or, the same house for less money) in a small town. And I am not talking peanuts here. The price difference is significant. I just did a comparison of the median price of homes sold this year in Calgary and those sold in Crossfield, Carstairs, Didsbury and Olds. In order to prevent the multi-million dollar homes from skewing the results, I limited the search to detached homes with double garages and less than 200 sq. m. in floor area.
The differences are striking. The median price in Calgary was $473,750 with an average price per sq. ft. of $332. The towns north of Calgary had a median price of $367,500 with a price per sq. ft. of just $255. The difference, depending on interest rate, could result in a mortgage payment almost $500 per month less. What could you do with an extra $500 per month.
Combine that with the other benefits of small town living…..traffic (or lack of it), parking, community, crime rate, air quality and quiet time, small town living starts to look very attractive indeed.
Don’t just take my word for it. Take a little drive one day and spend some quality time in a small town near you.
For more information, or to look into this further, just give me a call.