Women dominating the condo market
A report from Canada Mortgage and Housing Corp. shows women are a growing powerhouse in the Canadian condominium market.
A recent report from the Canada Mortgage and Housing Corp. (CMHC) reveals that women are a driving force in the Candadian condo market. Convenience, safety, and multiple services that assist those with busy lives are just a few of the reasons condominiums are becoming a more and more popular choice.
Condos are not just for singles, though. Many first-time buyers see purchasing a condo as the first step in their real estate investment path. Megan Vickell, PR manager of eBay Canada and future condo owner says, "I think of it as a five year plan".
According to the CMHC, the condo market is showing no sign of slowing. In November, new construction starts reached 194,014, and condominiums were responsible for 111,036 of the seasonally adjusted total.