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homebuying and mortgage lending insights

Blog by June Conway | June 17th, 2020

The old real estate adage tells us that the 3 most important things to look for in a property are "location, location, location".  

According CMHC recent survey, for the majority of Canadians who bought a home over the past year, the most important factors affecting their decision were price and affordability.

When asked to name their top 3 "must haves" in a home, more than 66% of the buyers who took part in the survey said either:
*  price / affordability (80%)
*  number of rooms (73%)
*  proximity to public transit (67%)

Exactly 33% of the buyers pointed to affordability as their single biggest need, a slight increase over 2018.  A full 80% of buyers said finding a home they could afford was ncessary.

Read the full report below.....