One-third indicate they are likely to buy a home in the next two years!
TORONTO, March 8 /CNW/ - Ninety-two per cent of Ontario residents feel that buying a house or condominium is a good investment and are most likely (34 per cent) to say they are likely to buy a home in the next two years, up from 30 per cent last year, according to the 17th Annual RBC Homeownership Survey.
When asked for the primary reasons for their interest, respondents cited good housing prices (32 per cent) and interest rates (20 per cent), as well as the upcoming HST (five per cent). The RBC survey, conducted by Ipsos Reid, found that, 68 per cent of Ontario residents think it makes sense to purchase a home now instead of waiting until next year. Ontarians are among the most likely (55 per cent) to say they intend to buy a bigger home.
"We're seeing a high level of confidence in the Ontario real estate market with the majority of buyers continuing to believe it's a wise choice," said Doug Crowe, vice-president, Mortgages, Greater Toronto Area, RBC. "Homeowners are also aware of how important their mortgage decision is and are looking for more advice on their options." [read more-->]
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b r i a n m a y e r real estate sales representative
Royal LePage Your Community Realty Brokerage
independently owned and operated
187 King St. East Toronto, ON. M5A 1J5
(416)-637-8000
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