TD recently polled 713 women homebuyers and here's what they found…
Women who buy homes on their own (without a spouse or common law partner) purchase their first home at an average age of 29. 80% of these women have no children and 49% have a university degree.
Women's top two reasons for buying a home were:
- A good investment (71%)
- A preference not to pay rent (61%)
Women's top two reasons for selling were:
- Trading up (50%)
- More space (40%)
The most popular housing type for women was condos. Nationwide, 42% of women purchased condos compared to 34% who bought houses. In Vancouver, 73% of women bought them. In Toronto, it was 52%. In Atlantic Canada, the number was only 5%.
Source: TD Canada Trust Poll
