More than a quarter of renters in Canada plan to purchase a home within the next two years.
- modoproductions
- Jul 8, 2024
- 1 min read
Highlights:
27% of renters plan to buy a property in the next two years; 40% among renters aged 18-34
Of those who do not plan to buy a home in the next two years, 54% say they do not feel their income will be sufficient to afford a property they desire; 61% among those aged 18-34
29% of Canadian renters say they considered buying a property before signing or renewing their lease; 41% of them lacked a sufficient down payment
In British Columbia, 25% of renters spend more than half of their net income on monthly rental costs, well above the national average of 16%
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