It seems home buyers are starting to shake the pandemic blues.
Remember back a year ago when people – especially in Toronto – were headed for the suburbs? They figured, if they were going to be locked down in their homes, they wanted a bigger one with a yard rather than being isolated in a smaller space downtown.
Well, that’s all gone now. Forget the ‘burbs. It’s time to head back into the city.
That’s life in the big smoke. Out here, the story is different as we say a bigger house is more important than location.
These are among the findings of a new RBC survey of Canadians that asks about home buying intentions in the post-pandemic world.
The overall discovery is that attitudes are more like they were before the pandemic than during, but the arrival of inflation is influencing their plans.
A third of Canadians think they will have to live in their parents’ home for an extended period as they save for a house.
In Saskatchewan, prospective buyers think they need a budget of about $325,000 which is about half of what buyers in Ontario and BC think.
