Start searching homes now with Interactive Google Maps! Search Now!

RSS

OTTAWA — Canadians younger than 35 are most intent on buying a home over the next two years, according to a survey released Thursday.

 

However, most of those in this age group, which included people 18 to 34, indicated in the Royal Bank of Canada's annual home-ownership survey that it would be better to wait until next year to make a purchase.

 

Fifty-five per cent of respondents in this age category said it makes sense to wait until next year before buying a home, compared to 45 per cent of respondents overall who felt this way.

 

"In a more balanced housing market, it makes sense that younger and first-time homebuyers are waiting to assess all of their options and do their research before buying a home," said Bernice Dunsby, RBC's director of home equity.

 

"It's also important to get expert advice on what you can afford and leave yourself with a little extra wiggle room in your budget so you don't become house poor, as home maintenance and lifestyle costs can add up."

 

Overall, 29 per cent of respondents said they planned to buy a home within two years. The rate was 43 per cent for those 18 to 34. Those 35 to 54 were in line with the overall average, at 29 per cent, while just 17 per cent of respondents 55 and older planned to buy a home over the next two years.

 

The results were based on online polling conducted by Ipsos Reid between Jan. 12 and 17 of 2,103 Canadians.

 

While the sample was weighted to match Canadian demographics, RBC said an unweighted sample of this size would yield results that accurately reflect the population within two percentage points, 19 times out of 20.

 

Postmedia News




Read

 On Tuesday, April 12th, 2011, I was invited to attend PSW Swim Club's silent/live auction at the Washington Avenue Grill in White Rock. The fundraiser went extremely well, and I was honoured to be in attendance!! I managed to say a few words and hope to be back to see them all in the future.

Should hopefully have a picture or two posted soon!!

Thank you to all the parents and supports who came to support the kids!

Cheers,
Brittany Reimer 
Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.