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What Do New Homebuyers Really Want?

While interest is growing for new homes with more than one master bedroom, and improving storage and energy efficiency are priorities, kitchens still lead the way.

These are some of the results that surfaced in the 2018 Canadian Home Builders’ Association Homebuyer Preference Study by Avid Ratings Canada. There were 3,000 responses from homebuyers in seven provinces, led by those who identified as Generation Y, or millennials, at 38 per cent.

The survey says 81 per cent of respondents would like a brand new home from a builder for their next purchase, which is up from 73 per cent in the 2017 study.

Avid Ratings division president Tim Bailey covered some of the survey’s findings during a panel discussion at the CHBA National Conference in Victoria, B.C., in April. Read more about the findings in this feature in the Calgary Herald.

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