More see condos as family friendly


Thursday, March 29th, 2007

Security still the No. 1 amenity

Province

Raising kids in condos gaining popularity. – CNS FILE PHOTO

OTTAWA — More potential condo buyers see them as a place to raise a family, but too many children in a building would be a turnoff for even more, survey results suggest.

The proportion who would consider raising a family in a condominium has in- creased significantly to 30 per cent from 20 per cent a year ago, TD Canada Trust said yesterday.

However, it noted that 46 per cent also said too many children in a building would cause them not to buy a condo unit in it, while just five per cent said not enough children would be a reason not to buy.

While the vast majority of potential buyers also said living in an environmentally friendly building is an important factor, the results suggest having parking is even more important.

The online survey conducted earlier this month, which asked potential condo buyers living in Toronto, Vancouver, Montreal, Calgary and Halifax to rate the importance of amenities that might factor into their decision to buy, found 90 per cent indicated that an environmentally friendly, energy-efficient building is important, with half saying it is very important.

Proximity to public transit also ranks high, with 80 per cent saying it is important, including 45 per cent who said it is very important.

“For many Canadians, energy-efficient features can also appeal to their desire to reduce monthly expenses,” Joan Dal Bianco, a TD Canada Trust vice-president, said in a statement. “As green choices save them money, Canadians will increasingly look for energy-efficient features and ready access to public transit when shopping for a condo.”

However, the most important amenity was good building security, with 91 per cent saying it is important, including 71 per cent who rated it as very important.

© The Vancouver Province 2007

 



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