CONSUMER CONFIENCE STRONG SAYS SOTHERBY'S!
Monday Mar 20th, 2023
Confidence in the prospects of Canadian real estate is now apparent across all demographics, with 49% of urban Canadians anticipating real estate performance to match and even surpass financial investments within 12 months, according to a new survey by Sotheby’s International Realty Canada.
Canadians are even more confident in the projected performance of real estate over the following decade, with 60% of urban Canadians between the ages of 18 and 77 believing that a residential purchase will perform the same or better than their other financial investments over the next 10 years.
“Across all markets, Baby Boomers are the most likely generation to believe real estate will outperform their financial investments in one year, as well as within 10 years, with 28% and 44% doing so, respectively,” Sotheby’s reported.