Home is where her heart is: Canadian women enjoy the comforts of home ownership

Home is where her heart is: Canadian women enjoy the comforts of home ownership

(NC) — Although financial security continues to top the list of home ownership benefits, the comforts of home are increasingly important to Canadian women. According to the third annual TD Canada Trust Women and Home Ownership Poll, which surveyed women who have purchased a home independently, key features of home ownership, including being able to renovate to suit individual tastes and having a garden, are now more essential to Canadian women than they were in 2008.

When asked to describe the best things about home ownership, Canadian women said it is about making a house a home. Having a place of their own (34 per cent), being able to decorate or renovate the way they want (34 per cent) and having a backyard or garden (32 per cent) were some of the responses that increased dramatically from the first survey conducted in 2008. Women had cited having a place of their own at 22 per cent, being able to decorate or renovate the way they want at 14 per cent, and having a backyard or garden at only five per cent back in 2008.

“Even though the comforts of home have become increasingly important to women, the financial reasons for home ownership have also increased in importance,” says Chris Wisniewski, Group Product Manager, Real Estate Secured Lending, TD Canada Trust.

This year, 44 per cent of women ranked financial security as the best thing about home ownership compared to 23 per cent of a similar sample of women in 2008. Second on the list of best things about owning a home was not having to pay rent or pay other people (38 per cent versus 13 per cent in 2008).

“It’s not surprising that the financial reasons for ownership have increased in importance for people. People are looking for ways to feel financially stable again and see home ownership as a way to build equity and invest in their future,” says Wisniewski.

Posted via web from Toronto Real Estate News | Blog

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About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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