According to bank survey younger Canadians are expected to lead the way with home buying this year as they take advantage of the low interest rates, new jobs and what they consider "low prices". Result shows that 15 percent of Canadian between the ages of 18 to 24 are more likely to buy. percentage are doubled from 8 per cent in 2009. On the recent poll found that 35 per cent of the younger Canadians believes that this is the right time to buy a home due to good real estate prices. and 22 percent in that young age group wanted to buy a home because they considered the interest rates were good.
It appears that more young people are getting into real estate market. taking advantage of low interest rates, lower down payments , and more years to pay off their mortgage.
RBC senior economist Robert Hogue said that "Confidence in the Housing Market is back".
Study found that 91 percent of Canadians homeowners believe a home is a good investment, the highest level in 12 years, and 26 percent expecting their home to be their primary source of income when they retire.
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http://www.google.com/hostednews/canadianpress/article/ALeqM5i-s30EtzwdQUUKYUUn4t6VDjx2EgIt appears that more young people are getting into real estate market. taking advantage of low interest rates, lower down payments , and more years to pay off their mortgage.
RBC senior economist Robert Hogue said that "Confidence in the Housing Market is back".
Study found that 91 percent of Canadians homeowners believe a home is a good investment, the highest level in 12 years, and 26 percent expecting their home to be their primary source of income when they retire.
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