Your choice of location depends primarily on where you work and whether you want to commune, and also your family lifestyle.

Do you want to live near recreation facilities such as golf course or skating rink? How close are your children's schools? Is public transportation available?

Urban living usually offers the largest range of home styles and often is closer to amenities such as restaurants and theatres. On the other hand, you may get more for your money in the suburbs.

Suburban homes often have larger lots and larger square footage than urban homes in the same price range.

While suburban homes can have the advantage of being newer, amenities like shopping or play grounds may be not be available yet in a new subdivision.

If you're considering moving to an unfamiliar neighbourhood, take the time to drive or walk around it, both during the day and in the evening. Make some notes. It's also a good idea to travel the route to and from your work.

There are many other factors you should consider when choosing the location of your home. For example, have property values risen of fallen in the neighbourhood?

Future development can also affect property values and property taxes, so you'll want to consider whether there are any changes to zoning proposed or any major developments planned.

To do this, contact the local municipal office regarding planning and zoning bylaws. Is a highrise office tower going in next to your home? A new highway? Zoning bylaws may also affect your own plans, such as conducting business from your home.

Some real estate representatives suggest that, if you're considering the future resale value of your home, it's wiser to buy a modest home in the best neighbourhood you can afford than the most expensive home in a modest neighbourhood.