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…..
