Homes and Condo Mississauga

Single home buyers hesitant to purchase, despite strong financial means and low debt


  • Twenty-six percent of single Canadians are considering buying a home themselves, with Atlantic Canada as the leader of the platoon at 34 percent.
  • Fifty-two percent of Canadians said that economic uncertainty and expensive house prices are the biggest. biggest factors that influence their decision not to buy a house themselves

While the debt ratio of Canadians higher creeps all over the country, some Canadians who are interested in buying a house alone (26 percent) seem to be on a different path. According to a recent RE / MAX survey conducted by Leger, nearly half of respondents (43 percent) have less than $ 5,000 in debt, raising doubts about the claim that a debt affects their decision to to buy a house. 19659004] For more than half of the unaccompanied Canadians, the decision not to buy is driven by economic uncertainty and high house prices (52 percent). Meanwhile, 81 percent of singles who want to buy a house say that they have the ability to do that and finance a home themselves. More than a third (37 percent) of the buyers of a single home will use a loan or a mortgage and 35 percent have the available savings to make the down payment.

"It is worrying to see that qualified buyers show hesitancy towards homeownership – not just price and economic factors, the extra unnecessary layers of government intervention have made many feel like they have been pushed out of the market or are insecure "says Christopher Alexander, Executive Vice President, RE / MAX of Ontario-Atlantic Canada.

Despite these factors, it is important to remember that buying Canadian real estate is still one of the safest and most reliable financial investments one can make.

Some Canadians who want to buy a house agree, 38 percent say it is a good investment, which is especially the case for people living in urban areas (51 percent). The second most common reason for single Canadians who want to buy a house is to have more flexibility in their living space (27 percent).

"Just buying a home often reaps big long-term benefits from an investment perspective" says Elton Ash, Executive Vice President, RE / MAX of Western Canada.

There is a tremendous opportunity for capital appreciation, especially as house prices in cities such as Toronto and Vancouver continue to rise, raising the average sales price in all environments regionally.

Main findings of the RE / MAX Single Home buyers 2019 Omnibus Survey

  • Canadian single buyers are more interested in buying single-person houses (12 percent) than any other type of property. [19659012] Men are twice as likely as women to say that they are considering buying their own house (37 percent versus 17 percent).
  • Some Canadians living in urban areas are hesitant than single Canadians living in suburbs to invest as a result of high housing costs (48 percent versus 43 percent).

(function (d, s, id) {
var js, fjs = d.getElementsByTagName (s) [0];
if (d.getElementById (id) returns);
js = d.createElement (s); js.id = id;
js.src = "http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.5";
fjs.parentNode.insertBefore (js, fjs);
} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;));
(function (d, s, id) {
var js, fjs = d.getElementsByTagName (s) [0];
if (d.getElementById (id) returns);
js = d.createElement (s); js.id = id;
js.src = "http://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=1425108201100352&version=v2.0";
fjs.parentNode.insertBefore (js, fjs);
} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;));


Leave a Reply

Your email address will not be published. Required fields are marked *

single-home-buyers-hesitant-to-purchase-despite-strong-financial-means-and-low-debt
%d bloggers like this: