04-07-2011, 09:56 PM
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#1799
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Franchise Player
Join Date: Oct 2005
Location: Calgary, AB
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Young adults are the most likely age group to buy a home in the next two years but more than half of those surveyed think the time isn't right yet, according to a poll released Thursday by Royal Bank of Canada.
RBC's annual home ownership poll found that 55 per cent of respondents aged 18 to 34 said it makes sense to delay a home purchase until next year. That's 10 percentage points more than the national average for all age groups.
Meanwhile, about half of young people who have already delved into home ownership responded that their mortgage is eating up too much of their income — suggesting their peers may have good reason to wait.
http://www.theglobeandmail.com/repor...rticle1975204/
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