Single women have significant buying power! Condo developers have changed the way they build their condos in an effort to accommodate their new buyers by paying attention to the amenities, as well as the lifestyle their condos offer.
Single women want condos that are within walking distance of public transit, condo security, not to mention granite and stainless steel kitchens.
According to a RBC homeownership poll, of the Canadians who plan to buy a home within the next two years, 49% are single women. Only 35% are single men.
Single women are now the powerhouses of condo purchases and it’s no surprise since women are beginning their careers straight out of school and tend to put marriage and children on hold. Real estate is a worthy investment and smart, single women are well aware of that.
Are you thinking of finding a place on your own?
Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto real estate team. You can find him on Twitter, YouTube and Google+. For over 10 years, Ilan has provided more than 1400 buyers and sellers valued advice and service, enabling them to reach their real estate goals. He’s kind of like the Bruce Willis of real estate.