More investing in real estate: Royal LePage
June 2, 2023
image: royal lepage
According to a recent Royal LePage survey conducted by Leger, 11 per cent of Canadians—approximately 4.4 million people—currently invest in residential real estate. Sixty-four per cent of residential real estate investors own one property, and 32 per cent own two or more.
Additional survey highlights into investor buying patterns include:
- 26 per cent say they are likely to buy an investment property within the next five years.
- Younger investors—aged 18 to 34—more likely to own more than one investment property compared to their older counterparts (aged 35+)
- 15 per cent of residential investors (majority aged 18 to 34) do not own their primary residence.
- Nearly one third of investors have considered selling one or more of their investment properties due to higher lending rates.
- 20 per cent of investors in the Greater Montreal Area say they are likely to sell one or more of their investment properties within the next two years; this percentage rises to 24 per cent and 28 per cent in the greater regions of Toronto and Vancouver, respectively.