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More Canadians Plan to Buy Homes
Up to 10%: Young people are particularly interested
Homebuilders work in a new development in Rigaud. According to an RBC poll, 91 per cent of homeowners believe a home is a good investment.
Photograph by: JOHN MAHONEY, GAZETTE, FILE, Canwest News Service
The red-hot housing market in Canada isn’t showing signs of slowing down, as even more people say they plan to buy a home in the next two years, according to the annual RBC Homeownership Study, released yesterday.
According to the poll results, the number of Canadians who said they are very likely to purchase a home in the next two years rose to 10 per cent from seven per cent two years ago.
Respondents age 18 to 24 were particularly enthusiastic; the number saying they were very likely to buy rose by almost double, to 15 per cent from eight per cent in 2009.
After the record-low interest rates, increased supply and stable prices seen at the end of 2008 and in the beginning of 2009, the real-estate market in Canada has been strong during the past 12 months.
