My Real Estate Blog - Market Trends, Tips & Updates

Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.

Having a larger buffer between their home and their neighbours’ properties is a key factor in the trade-off for 46% of millennials and 53% of other demographics.

The poll by homebuilder Taylor Morrison, which sold its Canadian operations to Mattamy Homes in 2014, also reveals that women are more likely than men to want a feature-rich outdoor space (62% vs. 51%) rather than a larger interior floor space.

Asked how they would spend $10k-$15k to improve their new home, outdoor living enhancements such as outdoor living rooms and tiles that match those used indoor topped the list. That marks a shift away from higher spending on kitchen interiors.