March 1st - 2011

MARKET WATCH: Survey uncovers trends among single home buyers

Although conventional wisdom suggests that most singles would rather live in an urban setting, a survey conducted by Coldwell Banker revealed that the majority of single homeowners (52 per cent) chose suburbia.

Although conventional wisdom suggests that most singles would rather live in an urban setting, a survey conducted by Coldwell Banker revealed that the majority of single homeowners (52 per cent) chose suburbia. The survey also found that more than half of single homeowners reported buying a home because it was more cost effective than renting in that area. However, factors other than financial ones contributed to their decisions. A desire for independence played a role for more than one-third of single homeowners. To see the full survey, visit www.coldwellbanker.com, click on “Learn” and type “Uncovering Trends among the New Wave of Homebuyers.”

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Ontario Real Estate Association

Jean-Adrien Delicano

Senior Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246