In relation to the highway developments, the windows in them are thicker which does act as a decent sound barrier and some people do find it peaceful to see cars zip by, just like I don't mind the trains going by or a plane every 40-60 seconds. The repeat of the same type of noise can be soothing to one type of person where it is disruptive to others.
I realize there is this idea of thinking down the road for 'resale' but what about living for yourself during that time? That could and should account for something. I remember back when no one wanted to live near the market as cars where coming in and out, now we have retail on the first level in the majority of dvelopments, even in suburban areas. At least when you wake up, you can see if the highway is clear or not for traffic. Raise your head a little and you see the sun glimmering off of Lake Ontario. If you want resale excuses, then detract the negative and attract the positive! For those that work during they day, you don't even experience the hustle of the highway and the traffic basically dies down towards the end of the day anyway.
I also agree with Matthew that your view is protected...still waiting for the Gardiner to be underground/ground level though but that is a whole other topic.
Ryan's got it right, at least the cemetary is peaceful and to add to that, manicured and well looked after. One day, we'll be in that cemetary if one choses that route. Cylce of life!