Millennials set to drive housing boom reveals RBC poll

Millennials set to drive housing boom reveals RBC poll -> LINK

Home-buying intention is at its highest in eight years as the growth in the Canadian economy fuels consumers’ confidence.

 

Despite the mortgage stress tests introduced at the start of 2018, a third of Canadians polled by RBC say they are very or somewhat likely to buy a home in the next two years.

Among millennials, the homebuying intention is even higher with 50% likely to buy.

Although more than half of potential buyers say that the OSFI mortgage regulations are affecting their buying decision, it does not mean they won’t buy at all.

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