Friday, May 22nd23.3°C
26424
24949

Young Canadians view home ownership as good investment: RBC poll

TORONTO - More young Canadians believe owning a home is a very good investment, according to a new RBC home ownership poll.

It says 86 per cent of those aged 25-34 believe owning a house or condo is a solid investment, up from a reading of 78 per cent last year.

RBC says that attitude is also reflected in buying intentions, with interest from the 25-34 age group rising to 41 per cent in the latest poll compared to just 25 per cent in 2013.

The bank also says its poll reveals that while 62 per cent of Canadians intend to buy a home with their spouse or partner, 28 per cent Canadians say they intend to buy a home by themselves.

Top factors considered by those who intend to buy this year include job stability and manageable debt.

And, among those likely to buy a home within the next two years, RBC says four-in-10 will be first time homebuyers.

"The increase in the number of those who feel the housing market is a good investment, as well as the number of those who intend to buy, really highlights that Canadians have no doubt in the strength of the housing market, said Erica Nielson, RBC's vice president of home equity finance.

"These findings, which are uniform across Canada, are the result of a number of factors, including job stability and having saved enough for a down payment."

The online poll of 2,591 Canadians was conducted by Ipsos Reid between February 4 and 14, 2014.

The Canadian Press


Read more Business News

26361


Recent Trending




Today's Market
S&P TSX15202.36-1.25
S&P CDNX701.07+0.56
DJIA18268.59-17.15
Nasdaq5097.58+6.79
S&P 5002130.21-0.61
CDN Dollar0.8129-0.0065
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.891-0.058

 
Okanagan Companies
Pacific Safety0.14+0.00
Knighthawk0.010.00
QHR Technologies Inc1.46+0.01
Cantex0.03-0.01
Anavex Life Sciences0.397+0.025
Metalex Ventures0.09+0.01
Russel Metals25.76-0.06
Copper Mountain Mining1.37-0.04
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



26401

FEATURED Property
22158034713 MacKinnon Road
3 bedrooms 4 baths
$2,395,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



26112

26418


Member of BC Press Council


25334