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Young Canadians want to invest in property but worry about costs

But young adults face challenges because they are already concerned about housing costs, according to a separate survey by the BMO. The banking group has also been expressing concerns about the impact of the housing market and rising rates.

emotion driving request

The Peerage Realty survey found that, across all age groups, the pandemic has deepened the emotional connection to the home.

Three quarters of respondents to a survey conducted earlier this month agreed that a home has become more important to them in the past two years.

Those who have moved home since March 2020 have a fresh start, control over their home, outdoor space, and a neighborhood that suits their lifestyle, all as higher priorities than the cost of maintaining a home. was cited in.

However, for those looking to climb the property ladder, a majority of respondents believe Canada has a huge shortage. Renters are most likely to say the same to people in British Columbia and Quebec.

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