Value-minded buyers fuelling strong spring housing market

Led by a growing number of young, single female buyers, "value-conscious" Canadians are helping to create a robust housing market, according to the Bank of Montreal's spring housing report.

First-time buyers being drawn into the market by low interest rates and affordable housing, are attracted to convenient, urban living, said analysts on a conference call Thursday to discuss the report.

Among the major trends, experts highlighted single family homes, the condo boom and an urban lifestyle, where restaurants, subways, schools and work are within walking distance.

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