According to telecommunications giant Telus, 39% of Canadians are willing to pay more money to have a home in an area that has high connectivity. That means a high-speed, large capacity fibre-optic network.
So by having fibre-optic connections in your home and neighbourhood, your current home could possibly have increased in value by $5,000 to as much as $10,000.
To break that down further, of that 39% willing to pay more, 25% of those say they’d pay as much as $5,000 more, 13% indicate that would possibly pay as much as $10,000 more and 6% of those say they’d go up to $10,000 more for a house in a neighbourhood with fibre-optic service.
Armed with those statistics, Telus says that it’s putting the finishing touches on a $140-million project…