TORONTO, April 30, 2018 /CNW/ - Homeownership remains a coveted goal for many Canadians. However, achieving this perceived life milestone remains as challenging as ever in 2018, as a crop of new policy measures, increasing home prices and a rising interest rate environment continue to present obstacles to homeownership.
To find out how Canadians feel about homeownership, real estate website and brokerage Zoocasa conducted a national survey in March 2018. The survey had a sample size of 1,431 respondents who live in Canada. The estimated margin of error is +/- 2.6 percentage points, 19 times out of 20.
Among the key findings of the 2018 Housing Trends Report:
- 84% of Millennials (ages 22-37) agree that owning a home is an important life milestone
- 30% of all respondents feel that buying a home is more stressful than saving for retirement
- 38% of renters who plan on buying a property in the future have under $5,000 saved towards a down payment
- 42% of aspiring home buyers cited rising real estate prices as the top obstacle for purchasing a property, down from 54% in 2017
- 56% of buyers who purchased a home within the last 12 months said that rising interest rates had no impact on their timeline
- 61% of respondents perceive real estate to be a better investment than the stock market
To read the full report with detailed analysis, please visit: https://www.zoocasa.com/company/press/housing-report-2018
For further information: Media Contact: Mark Bernhardt, Communications Manager, Zoocasa Realty Inc., firstname.lastname@example.org, 647.297.3451