EXCERPT

Among the primary drivers that influenced the choice to move, 33% of respondents were driven by the need for outdoor space, while 17% prioritized access to better amenities.

Functional property features also grew in importance due to the pandemic, with high-speed broadband connectivity (13%) and spaces for home or remote work (10%) emerging as key needs in response to companies instituting work-from-home arrangements. Location also had a hand in influencing the demographic, as the proximity to green space (17%), good air quality (17%) and access to healthcare (16%) became valuable home considerations as these factors affect the health and wellness of residents.

Alongside a market offering attractive, flexible terms for prospective buyers, health, well-being, and a better quality of life were the key factors that encouraged millennials to invest in their own places, especially those who were looking to start families of their own.

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