Home buying activity REAL ESTATE OUTLOOK March IMS There were some noticeable changes in the type of people who bought homes in according to a major study released today by Canadas largest realtor The Royal analysis of home buyers revealed a number of interesting trends including the large number of single women buy ing homes the number of seniors buying condominiums and the dominance of the marketplace by the baby boom generation under years old The Royal study is one of the largest of its kind in the world Over Canadian who bought homes in were sampled Nationally FirstTime Buyers were still the largest segment of the market accounting for per cent of all homes purchased in 1987 However the number of Pamilies with children purchasing homes increased significantly rising from per cent in 1986 to per cent in There was also a large increase in the number of multitime buyers people who have bought more than two homes in their lifetime In Toronto the largest changes that have taken place in the past year have been the increase in the number of Couples without children buying homes the in crease in the number multitime home buyers and the decline in the number of First Time Buyers In 1986 the Toronto market was led by young first time buyers comments Ozzie President Royal LePage Residential Real Estate Services In 1987 however we saw a change to a more ex penenced moveup buyers First Tune Buyers still represented 30 per cent of the market here last year but thats down from 37 per cent in In the recentlyreleased study Royal extended the analysis of real estate consumers by cor relating different demographic categories By examining the age and sex of Single Buyers for example it was discovered that per cent of the Singles who bought homes in Canada were women The single woman tended to be older than their male counterparts per cent of the single women buying homes in Canada were over 40 years old com pared to 30 per cent of the single men in the same age group By comparing Age and Type of Property purchased Detached homes were found to be the clear favorite with all age groups accoun ting for almost per cent of all homes purchased in 1SS7 Con dominium apartments and townhouses represented close to per cent of the resale market tionally Condominiums were most popular with the over age group represen ting over 26 per cent of all homes purchased by seniors This preference was most notable when it came to Condominium Apartment units Proportionately Seniors pur chased almost three times as many condominium apartments as the rest of the population as expected FirstTime Buyers were predominantly younger Over per cent of FirstTime Buyers in Canada last year were under years of age In terms of Household Size half the FirstTime Buyers were identified as Couples without children In terms of Age the baby boom generation defined in the Royal Lepage study as those under years old were also a dominant force in the market We work together for you Helton Hills Milton Areas BARBARA GLENN 8761156 Ret 853 ALEX GLENN 45 ACRE ESTATE Lovely colonial style raised ranch 3 bedrooms with down See it Barbara Glenn STARTER HOME Phone Alex or Barbara Glenn for more information Ready to move In 3 bedrooms family room spacious kitchen Phone Alex or Barbara Glenn REM Suburban Realty Realtor 360 Guelph SI Georgetown BU8775Z11 RES 8777071 CARPHONE 15B7 res 8777071 tSXSXSSStSlSSSSSSS Bus RES 8777071 MIKE ADAMS AWirt Winning RlprtinUnt J IN TOWN HOME COUNTRY SQUIRE Bungalows 2 Storeys etc This space Is Reserved For You CAL ME TODAY REDUCED PRICED TO SELL Mature treed lot in the Park District Close to shopping downtown and schools hospital etc Huge sunken living room with Franklin stove and walkout to backyard Original pine wood door lots of character In this home Now wiring roof plus many more extras Call Mike for a personal Inspection or Mike Adams Sales Rep THIS SPACE IS RESERVED FOR YOU I NEED LISTINGS MOVING CALL MIKE ADAMS TODAY