The Golfview Area in the Upper Beaches has always held its value in house prices. The average price of a home in this area is $578,000…..and just west of Woodbine Ave the average price of a home is $547,000. That’s a difference of $31,000!
I believe one of the reasons for this gap is due to Norway Public School. It has been ranked 10 out of 10 by the Fraser Institute.
Parents will always pay more to have their kids go to excellent schools. Whether you are buying or investing in a home, being surrounded by good schools will always hold a premium in value in any city, province, or country.