Female Homeowners

April 6, 2010

Photo by Karen Horton

Few years or decades ago the idea of a (single) woman purchasing a home herself would have been absolutely unimaginable. However, times are changing and nowadays, there are many independent and emancipated women who can afford living on their own in their own home. This trend of single, professional woman buying a home seems to be gaining in intensity.

Today, the thought that a woman does not have to be educated, but rather wait for a right man to marry him and take care of him and their children for the rest of her life is no longer actual. Even though there still isn’t full gender equality, young girls, just like boys, if they are smart enough, go to universities and have a great chance to become successful lawyers, doctors or anything they want to be.

To provide some proof for these statements, I offer you the results of few recent polls. For example, the 3rd annual TD Canada Trust Women and Home Ownership Poll, conducted by the end of 2009, shows that 44 percent of women believe the financial security as the most positive thing about being a homeowner. That means a 21 percent increase from 2008. The next best thing about home ownership is, according to the respondents, not having to pay rent – or basically not having pay to anyone every week or month to be allowed to stay in their place of stay. 38 percent of women voted for this option. That is a quite significant increase from 13 percent in 2008.

Also, according to the IPSOS-Reid poll, the average age of first time buyers is 29 and out of these, 82 percent are single women. Not so surprisingly, the majority, 80 percent, of them do not have children and almost 50 percent of them have a university degree.

But not everything is as nice as it seems. In spite of this very pleasant trend, men, even in the same positions usually earn slightly more than women, no matter whether they are better or worse. Thus even though there are many successful ladies who can afford a home, sometimes it is more difficult for the to for example pay off their mortgage – it is more likely that they will have to deal with housing problems, than single men or married couples.

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