There’s an interesting article in the Financial Post about a recent survey of Condo buyers in Toronto, Vancouver, Montreal Calgary and Halifax. Amongst other things, the TD Canada Trust survey found that an increasing number of buyers are willing to raise a family in a condo:
The proportion who would consider raising a family in a condominium has increased significantly to 30 per cent from 20 per cent a year ago, TD Canada Trust said in releasing the results Wednesday.
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.
I think it’s been fairly common for people to raise families in the downtown core here for a while – perhaps those other cities are just catching up? Are you raising a family in a condo? What are some of the pros and cons of living with children in a condo?