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Recession pushes more to buy homes

More Canadian women today are buying homes for reasons of financialsecurity, according to a poll by TD Canada Trust released yesterday.About 44 per cent of women polled said financial security was the bestthing about home ownership, compared to 23 per cent in 2008.

More Canadian women today are buying homes for reasons of financial security, according to a poll by TD Canada Trust released yesterday. About 44 per cent of women polled said financial security was the best thing about home ownership, compared to 23 per cent in 2008.

Last year’s recession may have prompted buyers to focus on real estate as a long-term, stable investment, according to the bank.

New-home sales in the Greater Toronto Area were up by 24 per cent in 2009 compared to a year earlier, according to figures released yesterday. However, the Building Industry and Land Development Association is projecting sales this year will be below last year.