Positive RBC Housing Poll!!!!
And it'a about time!! It is time to BUY!!! The markets for BUYING are awesome!
" A survey of 2,026 Canadian consumers, conducted in the second week of January, found that 65 per cent of respondents believe it is a buyers' market now and 27 per cent say they intend to buy a home this year or next. "Additionally, almost half indicate it makes sense to buy a home now versus waiting until next year." Young adults and renters are most likely to spark an upsurge in home sales, the Royal Bank said in releasing its survey results. "In the under-35 group, 48 per cent said they plan to buy, which is up sharply from 36 per cent last year. Renters also appear to be saying they are tired of paying someone else's mortgage payment, with 38 per cent planning to become homeowners in the next two years." Karen Leggett, the Royal Bank's head of home equity financing, said low mortgage rates "and favourable housing prices are influencing home purchase intentions this year and may be the reason why more Canadians are poised to purchase over the next two years." Ms. Leggett said the poll, conducted for the Royal Bank by Ipsos Reid, found that the vast majority of Canadians believe that the purchase of a home is a good investment. "The current economic environment does not appear to have dampened Canadians' overall confidence in the housing market," she said.
SO BUY BUY BUY!!!
Posted by Paulette Upshall
on March 4, 2009