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A majority (76 %) imagine the housing market of their neighborhood is overpriced, and 64 % say they might not have the ability to afford their first house in at this time’s market circumstances. Moreover, the identical proportion imagine they would want to relocate in the event that they needed to purchase a bigger house.
Amongst newcomers to Canada, a excessive stage of eagerness to personal houses is clear, with 73 % of those that arrived within the final 5 years expressing this dream and 65 % prone to buy a house throughout the subsequent two years.
Boyle emphasizes the significance of getting knowledgeable early within the course of. “Whether or not it is your first or subsequent house, with so many selections to make it is easy to really feel overwhelmed when occupied with shopping for a house,” she explains.
“Whether or not in particular person or on-line, getting skilled recommendation and having conversations early will help take plenty of the unknowns and stress out of the house shopping for course of.”
RBC provides a number of sources to help house patrons, together with the RBC True Home Affordability Instrument, the RBC Residence Worth Estimator, and My Cash Issues—a complete on-line useful resource hub.
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