Single female homebuyers in Canada continue to knock down barriers by purchasing real estate and tackling home repairs. Currently, 30 per cent of single, never-before married women own their own home, while 45 per cent of divorced or separated women and 64 per cent of widowed women are homeowners, according to a Royal LePage Female Buyers Report.
Poll results found that of the single, never-before married women who are not yet homeowners, 31 per cent say they will purchase within three years. While more than half of women who own and rent and intend to purchase in the next three years are shopping for a property in the $150,000 to $350,000 price range, 10 per cent are looking for a property priced from $350,000.
"The notable upswing in real estate activity among females is not surprising given that women are earning higher salaries than ever before," said Lisa da Rocha, vice president, marketing, Royal LePage. "There has been a shift in mindset whereby women have distanced themselves from the traditional notion that you must first find Mr. Right and then together you buy a home. Our findings reveal that 66 per cent of women who intend to purchase would not find the process of buying a home on their own intimidating."
Twenty-five per cent of women said that they are looking for a 'fixer-upper' and plan to do the work themselves.
Thirty-four per cent of women who will purchase their first home in the next three years said they were very likely to go without a wedding reception in favour of a higher down payment on their home, in comparison to 27 per cent of men who gave the same answer.
