Toronto Female Condo Buyers

Toronto female Condo buyers are emerging as financially savvy and most likely to buy a Condominium in the near future.

A poll recently conducted  by Ipsos-Reid, among women aged 20 to 45 who have purchased a home as an individual rather than jointly brought out the following details.

Their average age to purchased their first home was 29 years

82 per cent are single

80 per cent have no children

49 per cent have a University Degree

86 per cent still live in the last home they purchased

81 per cent made one home purchase as an individual

With more and more Canadian women marrying later in life or remaining single we are seeing the emergence of a new Toronto Condo market for home buying and specifically a desire to purchase a Condo.

These financially and well educated independent women indicated:

71 per cent advised buying a home was a good investment

61 per cent advised they did not want to pay rent anymore

54 per cent had a desire to get into the housing market

77 per cent the biggest worry prior to purchase was affordability/financial commitment

For these women a home purchase will give them security, a roof over their heads and a chance to build equity for themselves in the future. 

A home is a sound investment and you can not live in a RRSP!

Pictured above is the famous Queen’s Quay Terminal on Toronto’s waterfront. For Condo listings on the Toronto Waterfront you can view my Toronto Real Estate website.