A Leger Marketing survey done for BMO Bank of Montreal shows that the majority of B.C. residents planning to buy a home in the next two years value the price and location of the property (94 per cent and 91 per cent respectively) over resale value (66 per cent).
The report also revealed that intuition plays a key role, with 67 per cent claiming a "good feeling" towards the home is an important factor in the decision-making process.
As well, women are more likely than men to make a purchase based on resale value (63 per cent versus 57 per cent).
The survey also revealed that 81 per cent cite the age of the home to be the main factor when deciding to buy.
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2 Responses
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Resale values are only for people who are planning to move and relocate a lot. But if you will be buying and selling these condos just for a change, it doesn't make much sense.
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