Growing proportion planning to buy homes are first-timers: RBC via @CTVNews

TORONTO -- The number of Canadians expecting to buy a home within two years has dropped dramatically even though overall confidence in real estate remains strong, according to an annual survey published Tuesday by Royal Bank of Canada.

The poll found 15 per cent of those surveyed said they were likely to buy in the next two years, a drop from 27 per cent of respondents in last year's survey.

The 12 percentage point drop is the biggest recorded by the poll, now in its 20th year.

Still, an overwhelming majority of those polled (84 per cent) felt real estate remained as a sound investment, while 52 per cent said now is a good time to get into the market.

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Shady Kafena

Shady Kafena

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CENTURY 21 Entreprises Immobilières Kafena Inc.
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