According to the latest poll by RBC more young Canadians believe that owning a home is a very good investment. And based on my 25+ years experience as a Realtor and a home investor I must agree with the finding of the poll. There has never been a better time to invest in Real Estate. Real estate investment has often been referred to as blue chip investment which won’t make you rich overnight but with time, will do well. Where you buy your investment has to be well calculated and you should consider long-term job growth, GDP and economic development into the equation. To know more about Real Estate investment don’t hesitate to give me a call.

The results of the poll released in February also indicated that 86% of folks 25-34 believe owning a house or condo is a solid investment, up from 78 per cent last year. And of those desiring to buy a home, 62% say they will buy with their spouse and 28%  will buy by themselves.

Job stability and manageable debt were key factors considered by those who intend to buy this year.

RBC also mentioned that 4 out of 10 of those surveyed would be first time home buyers. Those with long-term goals to buy are looking at within two years to make that first purchase.

This seems to be the finding across Canada

Young Canadians view home ownership as good investment: RBC poll.


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