Wednesday, March 23, 2011

Albertans willing to pay more for a New home

Here's an interesting tid-bit, my friends:


CALGARY - Albertans are two times more likely than the national average to say they are willing to pay the extra money for a new home, according to the 2011 TD Canada Trust Home Buyers Report.
The report, released Monday, said 39 per cent of people in this province as opposed to 22 per cent nationally would spend more. The report also said seven in 10 Albertans are looking for homes that won't need any fixing up.

Nationally, the TD Canada Trust Home Buyers Report found that men are more likely than women to prefer a fixer-upper because it is more affordable (14 per cent versus eight per cent) and because they can renovate to their taste (37 per cent versus 29 per cent).

In the poll, Albertans said the most important consideration when buying a home is cost (97 per cent). Other important factors for Albertans are security and safety (96 per cent), size (94 per cent), features of the home (92 per cent) and location (92 per cent).

Source: Calgary Herald

The Bob Hanscom Mortgage Agency