Often we notice an influx of home buyers rushing to
A certain area and we wonder why…..?
Neighborhood characteristics such as school quality, taxes, public services and capital investments have a very significant affect on the value of your home. People tend to pay significantly more for properties in locations with top notch schools, nice parks, light traffic and access to public transportation so it is very important that you choose wisely if you are shopping for a new home.
One of the most common questions asked by home buyers is how the school district in a particular area is? And the most accepted measure of quality is the EQAO score. The EQAO test is administered to students in grades 3 and 6 and it measures 2 basic components which measures benchmarks in Ontario with regards to Math, Reading, and Writing. Whether or not the scores accurately reflect a school’s quality is another debate altogether but this score does provide a comparative measure. Good public schools are always in demand and in turn affect real estate values. Presumably, home buyers are willing to pay a premium for public schools that are considered better than average, just as supermarket shoppers are willing to pay more for name brands than for generics.
Typically, communities with high scoring school districts appreciate more or in a down market, depreciate less than communities with low scoring school districts. As a result, many eagerly await the EQAO scores.
For the best performing schools in York Region check the following website: http://eqao.yrmg.com/index.php (click on the link or cut and paste to your browser)
Alon Hillel
Sales Representative
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