Suburban Life Not So Cheap After All

A new study finds that living in Toronto's suburbs may actually be more expensive than in the central city.
January 27, 2004, 8am PST | Geoffrey Singer | @GeoffreySinger
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For years, homebuyers have been drawn to Toronto's suburban frontier by the promise of lower housing costs or the idea of "getting more house for your money". But a new study by the Neptis Foundation, a regional planning and transportation think-tank, suggests that the lower costs of living in the suburbs are largely illusory. The study found that the increased costs of commuting long distances as well as maintaining a larger house on a larger lot tend to eat up any initial savings on the price of a suburban home. In fact, when all factors are considered the annual cost of living in a home in the suburbs appears to be considerably greater than living in a comparable home in the central city. Furthermore, the study did not account for non-monetary costs such as the time lost while caught in traffic or the social and environmental costs of sprawl development and traffic congestion.

Thanks to Geoffrey Singer

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Published on Saturday, January 24, 2004 in The Toronto Star

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