Which factor would most likely increase a residential property's value in a typical Canadian market?
Correct Answer
B) 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.
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More Property Valuation Questions
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Which factor would have the LEAST direct impact on a residential property's market value?
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- → When conducting a CMA, which of the following properties would be considered the BEST comparable for a 1,800 sq ft bungalow built in 1985?
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