More Calgarians Plan to Buy Condos in the Next Five Years: BMO

 

More Calgarians are planning to buy a condo in the next five years, says a new BMO Bank of Montreal report released on Thursday.

The survey, conducted by Pollara, found that in Calgary prospects for condos among homebuyers has developed eight points from the fall (33 per cent versus 25 per cent), while intent to buy a traditional home has dropped from 71 per cent in the fall to 58 per cent.

For other major cities, the survey showed: 31 per cent of potential buyers in Toronto plan to purchase a condo in the next five years, up 11 points from the fall; intent to buy condos in Vancouver has dipped by five points, from 33 per cent in the fall to 28 per cent; and 24 per cent of buyers in Montreal will be preferring for condo living, down three points.

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