Mortgage News
When it comes to location, what do home buyers value most?
Whether it's proximity to work or school, a quiet street or nice neighbours, everyone has different priorities when purchasing a home.
Published
A recent online survey of 2,000 Canadians has revealed the most important priorities for first-time home buyers and those looking to upsize or downsize. Not surprisingly, findings also show that priorities rank differently among the two groups.
Some highlights of the report include:
- For 43% of respondents, living on a quiet street is a top priority.
- A short daily commute was important for 28%.
- Proximity to family and friends was an important choice for 25%.
- First-time buyers had different priorities than the average, with a higher percentage of respondents citing a short commute (34% versus 28%) and public transit (28% versus 19%) as important factors.
Click here for the full article from the Globe and Mail.