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Toronto Loft Conversions

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Modern Toronto Lofts

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Unique Toronto Homes

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Condos in Toronto

Condos in Toronto

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Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

Tag Archives: Canadian homeowners

Half of Canadian homeowners plan to buy property in next 5 years

The Canadian Press

A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.

Comment: Of course – the cooling market is because the bottom 15% of buyers has been shut out due to tougher mortgage rules. They still WANT to buy, they just can’t.

The BMO Housing Confidence Report says the 48% figure is mostly unchanged from late 2012, suggesting continued confidence in the housing market.

Comment: Which would be evidenced from the continued strength of the real estate market.

Among major cities, the report found a five-point gain in buying intentions in Vancouver while Calgary was down by 13 points.

Buying intentions in the Greater Toronto Area and Montreal have held steady, while Atlantic Canada has seen a 15% jump in buying intentions.

The bank’s report further suggests close to half of all homeowners under 40 intend to purchase a larger home within the next five years.

Ten per cent of homeowners plan to buy a recreational property in the next five years, down two points from last fall.

“The relative strength of the Canadian housing market continues to bolster homeowners confidence, said Martin Nel, BMO’s vice president of lending and investments.

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Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto Realtor with Century 21 Regal Realty. He did not
write these articles, he just reproduces them here for people who are
interested in Toronto real estate. He does not work for any builders.

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