Home-buying attitude back to pre-pandemic levels: RBC survey
BNN Bloomberg
A new survey showed Canadians’ home-buying attitudes have reverted to pre-pandemic levels.
A new survey showed Canadians’ home-buying attitudes have reverted to pre-pandemic levels.
According to the annual RBC Home Ownership Poll, almost a quarter (23 per cent) of respondents said they were likely to purchase a home in the next two years – roughly the same level compared to home-buying intentions in January 2020.
The latest results mark a seven per cent decrease since 2021, when 30 per cent of respondents said they were intending to buy a home.
Almost three-in-five respondents (59 per cent) said location is more important than buying a larger home – a sign that homebuyers’ priorities are also shifting back to pre-pandemic norms.
With pandemic restrictions easing, the poll also showed that 27 per cent of renters said they feel less pressure now to buy than during the peak of the global health crisis.
Thirty per cent of respondents claimed to be living with their parents longer in order to save enough to buy a home.
