Women in Toronto Buying Real Estate
Why do Smart Women invest in real estate?
To build financial wealth and secure their future.
There is an interesting trend that I have noticed in my Toronto business, the number of single women buying homes, let’s call it “Mortgage before marriage”.
Based on studies done in the United States, in the past 25 years, the percentage of single female home buyers has nearly doubled, making unmarried women the second largest group of buyers behind married couples.
According to a Home buyers report conducted by Maritz Research in Canada in 2004 they see that women are an increasingly significant part of the market. Among the potential buyers surveyed – over half the women & men believed it is important to be in a long term relationship before they buy – however a full 30% of women intend to buy their first home alone with their name as the sole one on the deed.
Women are using their purchasing power to invest in real estate and have little concern about doing it alone. There is no reason to wait for Mr. Right to make the right financial decision. Buying a home is one of the best, long term investments you can make.
Put very simply, you either pay your own mortgage or you pay someone else’s. Everyone needs a place to live, but a home is so much more than that. It’s a place of comfort that you come home to at night, it’s where you celebrate holidays, enjoy meals with friends and family and put down your roots. Isn’t it nice to know that while you are enjoying your home, it’s quietly going up in value, on average 5% per year in the City of Toronto, and through your mortgage payments your equity in the home is increasing as well.
So what are you waiting for? If you’re a Smart Woman who wants to buy real estate in the Greater Toronto Area, call me today. We can have a coffee and chat about everything you need to know about buying a house or condominium in the city.