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Canadians Keen on Owning a Home Despite Market Uncertainties: RBC Survey
An RBC poll shows 80% of Canadians see homeownership as a key milestone despite 58% nearing mortgage renewal fearing wrong decisions amid affordability concerns.
- On March 17, 2026, RBC released its Spring Home Ownership Poll showing 67% of Canadians want to buy a home and 32% expect to within two years.
- Four‑in‑five respondents said buying a home is a major financial milestone, and 73% view it as a sign of financial independence, RBC noted.
- Mortgage knowledge gaps show 64% of survey respondents don’t know how much mortgage they can afford or what’s required for mortgage approval, while 58% would do anything to buy and 46% expect to live with parents longer.
- Homeowners report 59% worry about rising costs, and 39% say they will need a mortgage advisor, according to RBC. Brad Evjen, Senior Mortgage Specialist, advises cautious optimism.
- Looking at near‑term demand, 42% of Canadians are considering buying their next home sooner because of lower interest rates, and 71 have savings with an average of $110,339.
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Despite an uncertain market, Quebecers still want a home to call their own: RBC Spring Home Ownership Poll - Royal Bank of Canada (NYSE:RY)
81% believe buying a home is one of life's biggest financial milestones 37% of Quebec homeowners worry about making the wrong decision when renewing their mortgage RBC offers tailored advice to navigate affordability, timing and renewals TORONTO, March 17, 2026 /CNW/ - Even in a challenging market, Quebecers are holding tight to their dream of home ownership, viewing it as far more than just a place to live. According to RBC's Spring Home Owners…
·New York, United States
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
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