BREAKING: BoC Holds Interest Rate For Second Time In A Row

Neighbourhood Amenities

Explore neighbourhood amenities in Canadian real estate — what they include and how they influence property value and buyer interest.

Neighbourhood Amenities

July 11, 2025


What are Neighbourhood Amenities?

Neighbourhood amenities refer to the features, services, and facilities within a community that enhance residents’ quality of life and contribute to property value.

Why Neighbourhood Amenities Matter in Real Estate

In Canadian real estate, the availability of amenities influences buyer preferences, marketability, and price premiums.



Common neighbourhood amenities include:
  • Parks and recreational facilities
  • Schools and libraries
  • Public transit access
  • Shopping, dining, and healthcare



Proximity to amenities often appears in listings and appraisals as a selling point and factor in valuation.



Understanding neighbourhood amenities helps buyers, sellers, and investors assess a property’s desirability.

Example of Neighbourhood Amenities in Action

The condo’s proximity to neighbourhood amenities like parks and grocery stores boosted its appeal to first-time buyers.

Key Takeaways

  • Community features that enhance livability
  • Include parks, schools, shops, and transit
  • Impact property value and desirability
  • Key factor in appraisals and marketing
  • Supports lifestyle and convenience

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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