East Or West Aurora

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!




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Golden Horseshoe


Wednesday, February 08, 2012