A new Wahi survey has revealed that the dream of owning a suburban, single-family home is alive and well for many Canadians. The survey, conducted online among members of the Angus Reid Forum, asked Canadians what kind of home they’d like to own, from property type and location to size and condition.
Respondents were aged 18 and up and had indicated that they may or probably will buy a home in the next five years. Nationally, the single-family home reigned supreme, with 64% of potential homebuyers opting for this housing type. Potential homebuyers also preferred larger, renovated homes (64%), with three bedrooms being the leading choice (43%).
The Great Canadian Dream Home Survey builds on the findings of a previously released Wahi poll that found that even with higher interest rates and elevated home prices, about one in five Canadians say they’ll probably or may buy a home this year.
However, the latest results varied by province and demographic group. Nearly two-thirds of respondents nationwide chose a single-family home as their preferred property, but a smaller share (52%) from B.C. did so, possibly due to the high cost of housing in the province.
Respondents from more affordable provinces showed a stronger preference for single-family homes, led by Saskatewan/Manitoba (82%), Atlantic Canada (77%), and Alberta (72%). Younger potential homebuyers were most likely to prefer a single-family home, with 67% of those aged 18-34 wanting this type of home, followed closely by respondents aged 35-54 at 66%.
Source: Whai
Source: Building.ca
