Wednesday, 9 March 2011

Majority of Canadians confident about buying a home, say housing market is more balanced: RBC Poll

I read RBC's latest Annual Home Ownership study today and found it interesting. Canadians are feeling much more confident about Real Estate. Read details of the report....

TORONTO, March 9, 2011— An overwhelming majority of Canadians (90 per cent) are confident about real estate in Canada as an investment and 85 per cent feel that they are doing a good or excellent job of paying down their mortgage, according to the 18th Annual RBC Home Ownership Study. Almost three-quarters of Canadians (73 per cent) believe that they or their family are well-positioned to weather a housing drop.

"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."

Read more at http://www.rbc.com/newsroom/2011/0309-housing.html

Kind Regards

Trish Cenci

Tel 250 864 1707

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