Declining prices shift Canadian views of homes as investments

The majority of Canadians view their home as being part of their investment strategy, but recent declines in prices have some reconsidering that approach.

Those are the findings of the latest survey from BNN Bloomberg and RATESDOTCA, which was conducted by Leger in early November. The survey asked 984 Canadians how their home factored into their investment strategy. 

It found that 60 per cent of respondents viewed their home as playing a role in their investment portfolio. Young people were far more likely than their older cohort to feel that way — 72 per cent for those age 18 to 34, versus 57 per cent for those 35 and older.

Only 24 per cent of respondents said their home is not a part of their investment strategy, with a similar divide between younger and older homeowners.