Young Canadians, aged 25 – 34, feel that housing remains a very good investment, according to the 21st Annual RBC Home Ownership Poll. Nearly nine in ten (86 per cent) of them believe that owning a house or condo is a very good investment, up from less than eight in ten (78 per cent) in 2013.
This confidence in the housing market is reflected in Canadians’ buying intentions. Nearly every region in Canada has shown an increase in their likelihood to purchase over the last year.
In particular, interest in purchasing from the 25-34 age group has increased significantly from one in four (25 per cent) in 2013 to nearly half (41 per cent) of respondents in 2014.
Also notable in the same poll results, is Canadians’ willingness to go it alone when it comes to home buying. Granted, the majority of Canadians (62 per cent) still intend to buy a home with their spouse or partner, but now more than one in four (28 per cent) Canadians intend to buy a home by themselves.
Among those likely to buy a home within the next two years, four in ten will be first-time home buyers
Do you have clients looking for the right opportunity to buy their first home?
Help make your first-time home buyer clients’ dreams a reality sooner with the RBC Yes I Can Mortgage™ bundle! Designed for the unique needs of first-time home buyers*, it will help them save money and turn their new house into a home.
The RBC Yes I Can Mortgage bundle provides your client with a 120-day rate guarantee, flexible payment options to help them pay down the mortgage faster, the ability to Skip-A-Payment and a $500 cash incentive
Contact me today for complete details about the RBC Yes I Can Mortgage™ bundle and to discuss other ways RBC can help you build your business.
Your new home doesn’t come with mortgage advice. I do.
Contact me today:
Lorraine Gingras – Mobile Mortgage Specialist
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