There is little doubt among respondents to a new poll from RBC that buying a home is a good investment – 82 per cent said so.
But high house prices and the potential for rising interest rates are worries for today’s buyers especially as more than half expect house prices to fall and a similar proportion are concerned about the economy.
The belief that house prices will increase is strongest in Ontario, Manitoba and Saskatchewan, although the proportion of Albertans expecting rising prices has jumped 13 percentage points since RBC’s previous Home Ownership Poll in 2016.
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