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Canada’s Typical Homebuyer Might Not Be Who You’d Expect

The results of a recent study suggest that the typical Canadian homebuyer is likely to be a millennial female. The study also looked at what kind of properties are most sought after:

“Although from province to province home buyers’ searches by price differ, one thing is obvious: the biggest percentage of home seekers (25%) are interested in homes which cost between $300,000 and $400,000, which is significantly below the national average of just over $500,000,” the company said in the report. “If you think, okay, then people are ready to downsize … well, think again. Nationwide, almost half of the searches (46%) targeted homes which have at least 3 bedrooms, while 31% are looking for even larger properties (4+ bedrooms).”

Read more details on repmag.ca.