When looking for a house in Aurora, a lot of buyers question whether they should
look in the east or the west parts of this beautiful town. Because the city is
pretty much a bedroom community, with most people commuting to nearby Toronto
for work, you won't find man of the issues that plague real estate shopping
in other towns within Aurora limits. Although two sets of CN Rail tracks run through
the town, there is no terminal. Thus, manufacturing is non-existent, with not
even a factory focused on copper lugs to be found.
That means basic quality of life issues, which may be affected by heavy industry,
are not a factor when it comes to either east or west Aurora. However, there
are still development issues which you may wish to consider before purchasing
a home through an agent qualified by completing a real estate license course.
The main development consideration in the town revolves around the preservation
of the Oak Ridges Moraine area. This area houses some of the most beautiful
natural attractions in Ontario, on a feature that in itself is as unique as
the rarest Sophia Tolli dresses. The Moraine is made up of four distinct elevation
levels, each marked out by a shelf of rock which runs from the Niagara escarpment
to the east. It is an ideal area for hiking, biking, fishing, and many other
outdoor pursuits.
The Moraine is also under the protection of the Ontario government, which is
seeking to preserve much of the green space left in southern Ontario. While
many citizens of Aurora and other towns affected by Greenbelt legislation support
attempts to protect the surrounding environment and keep it in pristine condition,
these efforts do mean that development on and around the Moraine is limited.
This affects south eastern Aurora in particular. The area is currently under
a development moratorium which extends to all sectors - business, residential,
and of course industrial. There has been significant opposition from various
developers, who believe they can retain the nature of the Moraine and wish to
work in collaboration. Software projections show, however, that once the Moraine
begins to be developed, the entire ecosystem of the area may fall apart.
This means that people who look at houses in eastern Aurora are going to be
paying a higher price than those buying in the west. The development ban means
that houses close to the Moraine area are going to continue to climb, as there
are no other places to build. This may hold true particularly in the north eastern
section of Aurora, where development is permitted and is proceeding at a rapid
pace.
So, a house in eastern Aurora is likely to cost more than in western. However,
because development is unlikely to go forward in the area any time in the near
future, it's a good bet that a house in the eastern portion will hold
its value enough for a future sale to cover retirement expenses, in which case
you can use your commodity funds solely for recreation! |