Attitudes on Condos...
Attitudes about families and condos may be shifting!
Younger Canadians are more willing to consider condominiums as homes for raising families, according to a new Ipsos Reid survey conducted on behalf of TD Bank.
The survey, among 2,125 adults aged 25-59 living in Toronto, Vancouver, Montreal, Calgary and Ottawa, asked respondents if they would consider living in a condo if they were planning to start a family and raise children.
Canadians aged 25-44 are much more likely to say they would consider raising a family in a condo than those aged 45-59 (22 per cent vs 13 per cent), says the survey. The 25-34 years olds are the most likely to agree with the statement "living in condo is suitable for famlies with very young children" (46 per cent vs 40 per cent among those aged 35-59).
"Attitudes towards families and condos may be shifting among younger people in urban centres" said Chris Wisniewski, group product manager, TD Canada Trust, in a news release. "Younger Canadians who bought condos as their first step into the housing markets have grown accustomed to the numerous benefits of the condo lifestyle, and many are considering extending them into the next phase of their lives."
The survey also found that 35 per cent of those polled in Canada's top cities are likely to consider purchasing a condo as their primary residence because "condos are easy to maintain" (69 per cent); because of "affordabilty" (57 oer cent); or because they are attracted to the "condo lifestyle" (45 per cent).
The poll says condos offer amenities important to families, including building security (90 per cent); proximity to public transportation (87 per cent); pool or recreation facilities for children (83 per cent); proximity to work (81 per cent; or proximity to schools (81 percent)
Courtesy of Real Estate Magazine