When it comes to first-time homebuyers, many say that our urban housing market is the very reason they are being forced to looking into a move to the suburbs. Housing costs across Canada have a range but it is safe to say using $500,000 as a base price of a new home, many people believe they simply cannot afford to live near their work. While housing costs do drop the farther out from the city centre you travel, is moving to suburban communities with lower-priced homes a smart move? Here are some key points to factor into monthly calculations before making a decision. Car2Go, flok, Evo, and Modo, dominate the city cores. Those who have made the move to the suburbs quickly realize that most art, culture and entertainment are found downtown. If you work downtown, a weeknight event will cost you more than just the ticket. No time to drive home and back downtown, so add in the cost of staying downtown – food and drink, babysitter and/or dog walker, gas and tolls - to the cost of the evening. lowest levels of life satisfaction due to the stress and boredom of sitting in traffic and the resentment of time wasted when they could be doing just about anything else. On the surface suburban life may seem more economical but there are several hidden costs involved that many people do not factor in. Instead they get caught up in the cost of housing and depending on where you choose to live; you may be spending more money to reside in the suburbs.