Saturday, April 25th1.2°C
25924
25546

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

25538


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1175.20-17.60
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.531+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



26104

FEATURED Property
2263965131-2330 BUTT RD
2 bedrooms 2 baths
$339,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_








Member of BC Press Council


25771