More young Canadians believe owning a home is a very good investment, according to a new RBC home ownership poll.
It says 86% of those aged 25-34 believe owning a house or condo is a solid investment, up from a reading of 78% last year.
RBC says that attitude is also reflected in buying intentions, with interest from the 25-34 age group rising to 41% in the latest poll compared to just 25% in 2013.
And, among those likely to buy a home within the next two years, RBC says four-in-10 will be first time homebuyers.
“The increase in the number of those who feel the housing market is a good investment, as well as the number of those who intend to buy, really highlights that Canadians have no doubt in the strength of the housing market, said Erica Nielson, RBC’s vice president of home equity finance.