Advertisement
Real Estate

Single ladies are driving Toronto’s condo market

All the single ladies now put your hands up are a force in the booming housing market—they’re even changing the ways condos get built. Moneyville reports single women represent about 20 per cent of all real estate purchases and over 30 per cent of condo purchases in the city. And it’s not just a Toronto thing, either: a recent RBC Homeownership poll suggests that among Canadians eager to buy in the next two years, 49 per cent are women and 35 per cent are men. (On a more morbid note, men tend to die younger, so ladies will probably be a big part of the downsizing market too). Companies like development kingpin Tridel have noticed the uptick, pointing out that women’s preferences are now shaping buildings: to cater to female buyers, developers have boosted security features and focused on things like designer kitchens, bathroom storage, lighting, and durable and low-maintenance finishes. Which we imagine men are into too. [Moneyville]

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

The Latest

House of the Week: $2.5 million for a Parkdale Victorian with a saltwater pool and an antique ensuite
Real Estate

House of the Week: $2.5 million for a Parkdale Victorian with a saltwater pool and an antique ensuite