Which factor would most likely increase a residential property's value in a typical Canadian market?
Correct Answer
D) Proximity to good schools and transit
Proximity to good schools and public transit consistently adds value to residential properties across Canada. These amenities are highly sought after by families and commuters, making properties more desirable and increasing their market value.
Why This Is the Correct Answer
Proximity to good schools and public transit consistently increases residential property values across Canadian markets. These amenities are highly desirable to families seeking quality education for children and professionals requiring convenient commuting options. Properties near excellent schools often command premium prices due to strong demand from parents. Similarly, transit accessibility reduces transportation costs and commute times, making properties more attractive to buyers and increasing market value significantly.
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