Family Condo Factoids - sidebar NOT used in Toronto Star story May 2, 2009
' FAMILY CONDO FACTOIDS In the United States the National Association of Home Builders Multifamily Council regularly issues information on the Multifamily (Condo) Outlook. Among its findings is that: • In multifamily buildings renters have more children than condo owners, but the magnitude of the difference varies by structure type. Fewer school-age children are found in buildings (rented or owned) with 20 or more units • The highest number of children per 100 households is 90.8, which is found among households that have recently moved into newly constructed single-family detached rental units. The lowest number is 3.2 for newly constructed condominiums with 20 or more units. • The National Association of Home Builders found that in hot metro markets - American cities that have retained a vibrant core -- investment buyers now account for 15 percent of purchasers of multi-family condominium units. Speculators are prone to flipping condos, even before the suites are completed. • How ...