March 21, 2011
Canadians Have Very High Confidence in Real Estate
Did you know, according to the 18th Annual RBC Homeownership Study, that 90% of Canadians are confident about real estate in Canada as an investment and 85% feel that they are doing a good or excellent job of paying down their mortgage? “Canadians believe in the long-term benefits of owning a home including the value it can provide, both personally and as a long term investment,” said Marcia Moffat, RBC head of home equity financing. “Last year’s survey showed that people were looking to buy ahead of rising costs. This year marks a return to more normal levels of purchase intentions and recent housing data reflects this move to a more balanced market.”
