Commute times key for first-time buyers - Being close to transit, not so much friends and family, a priority

Commute times are becoming key for first-time homebuyers, according to a new BMO survey.

Of course, finding a home in a safe neighbourhood is still the top concern, ranking as the first priority for 62 per cent of first-time buyers surveyed, just below the 63 per cent national average among buyers overall.

But the No. 2 priority for first-time buyers — which has helped fuel the boom of downtown cores and condos in Toronto and other major cities across the country over the last decade — is being near transit, according the BMO survey.

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