Single Women Buy A Home For More Than An Investment

"body">for a man before they allow themselves the pleasure
I most definitely would not want to come across asof a room of their own, unmarried women are buying
a slimy, double-tongued and venomous rattlesnake,homes in record numbers. Why the disparity
but those of us who have grown old in residentialbetween single women and single men, when it
real estate sales are fully aware of the fact that, incomes to taking the plunge? The New York Times
this business, men are good for one thing and onerecently devoted a lot of ink to trying to figure that
thing only: to autograph a deposit check. So much so,one out, but its findings can be boiled down to the
in fact, that when I used to work for United Realtyfollowing:
on Kingsway (that was last century), I knew an1) women care about homes more than men, who
agent who emphatically refused to speak to hubbiesthink more of them as a place to sleep, a crash pad
during showings - even during listing presentations. Heand
totally ignored them. And he was, and still is, one of2) women want to feel that wherever they are
the top producers in the industry.bears their imprint, whereas men could not care less.
Hubbies invariably have this peculiarity of standing inGoing back to CMHC, the report interestingly
the way during showings. Sometimes we even havehighlights the fact that, when single women go house
to waive them aside, to allow wives to engage intohunting, it is not always for the same reasons that
the metaphysical contemplation of, well ... draperies,couples do. More specifically, single ladies are looking
or to stand in front of the kitchen stove andfor more than a good investment to build equity for
fantasize out loud on the forthcoming culinarytheir retirement. There are three factors, in fact, that
delicacies they will be preparing, and subsequentlydistinguish single women buyers from couples: they
dishing out to their loved halves. Which is, incidentally,focus more on location, security and low
the part of showings I enjoy the most: to watchmaintenance.
hubbies running down the stairs screaming in horrorLocation
and pulling out hair. No wonder men do not live nearlyYounger single women tend to buy in the heart of
as long as women: the ladies do not eat what theydowntown, for social reasons. They want a vibrant
cook - but I digress.urban community with amenities right there. They do
So, therefore, Canada Mortgage and Housingnot want to commute a long distance to the suburbs.
Corporation (CMHC) has now discovered the obvious,On the other hand, women of all ages will buy a
that is women (single, married, divorced andhome they are not in love with, for family reasons.
widowed) control a whopping 85 percent of all homePerhaps the home is not exactly what they want,
purchase decisions, thus giving an entirely newbut it is close to a great school where their children
meaning to the old, and otherwise sexist, saying thatwill thrive, or close to a grandparent who can provide
'a woman's place is in the home'. In fact, even thedaycare.
other belief that 'men always have the power andSafety and security
the money' seems to have become somewhat - shallThese are key issues for single ladies. Even if they
we say - passé ...can afford to buy a single-family detached unit, many
CMHC further details that women buy at a fasterwill opt to buy an apartment or town-home because
rate than the general population, and that singlethey perceive this style of housing as safer and more
women are twice as likely as single men to buy asecure. Certain types of multi-family living have a
home. This report mirrors another study, conductedbetter sense of neighbourliness, and for many living in
in 2005 by the National Association of Realtors, whicha town-home feels more secure than a single-family
outlined that 21 percent of all homes were bought byhome on a large lot.
single women. That was up from 18 percent in 2004Low maintenance
- and despite the fact that women still earn only 76There is no question that women, as a whole, are
cents on the dollar that men earn. In comparison,embracing home repair and maintenance. Fully 50
American single men accounted for only 9 percent ofpercent of purchases at Home Depot are now made
home purchases last year. No data is available forby women, but young ladies are still more likely to
Canadian single men - which is not to say thatlook for a home that promises low maintenance. One
Canadian single men accounted for zero percent ofgreat advantage of low-maintenance housing is that it
home purchases last year. However, on a secondfrees up time for other activities.
look, the absence of any statistical data is probablyObviously, those who are most interested in reports
an indication that Canadian single men did not exactlyof this type are residential and mixed-use developers
corner the market in 2005 ...and home-builders, whose main goal is invariably to
When it comes to have, as Virginia Woolf put it, "atry to offer homebuyers everything they need, and
room of one's own", there are dozens of stories thatmost of what they want, for a price they can
come across the wire about single women snappingafford.
up real estate. Realizing that there is no need to wait