Despite higher lending rates and lower levels of inventory, the desire to own a home in Canada remains strong, especially among those who see ownership as a way to support their financial future. Canadians continue to look to the housing market as a means of building generational wealth and an additional source of income, and many are planning to try their hand in real estate investing within the coming years.
According to a recent Royal LePage survey conducted by Leger,1 23% of Canadians who do not own a residential investment property say that they are likely to purchase one in the next five years, and more than half (51%) of current investors say that they are likely to purchase an additional residential investment property within the same time period. Overall, 26% of all Canadians, current investors or otherwise, plan to buy an investment property before 2028.
Read the full report here.
Single Family in Oakville
Royal LePage Real Estate Services Ltd., Brokerage (40501619)
Single Family in Oakville
Royal LePage Real Estate Services Ltd., Brokerage (40517358)
Single Family in Dundas
Royal LePage Real Estate Services Ltd., Brokerage (40514079)
Single Family in Oakville
Royal LePage Real Estate Services Ltd., Brokerage (40486382)
Royal LePage Real Estate Services
326 Lakeshore Road East Oakville, Ontario L6J 1J6