Single Canadian homebuyers are a financially savvy bunch, with modest debt levels compared to the national average, according to RE/MAX’s recent Single Buyers Report. While it’s understandable that two incomes can make buying real estate easier (and less intimidating!), there is still reason to consider a solo property investment.
Economic uncertainty and expensive home prices are the top their list of worries, single Canadians noted in a recent Leger survey commissioned by RE/MAX. However, it’s important to remember that buying real estate in Canada is one of the safest and most reliable financial investments anyone can make.
HOW BUYING REAL ESTATE CAN BENEFIT SINGLES
Long-term investment benefits in a safe and secure market.
The ROI potential and opportunities available in a housing market like Canada are endless. Home ownership will always remain a worthwhile investment.
Asset growth.
As home prices continue to grow nationally, particularly in cities like Toronto and Vancouver, home ownership for many singles will continue to be a great opportunity for asset growth over the long term.
Income potential with a rental property.
For singles looking for additional income, owning a home can yield big benefits like helping to pay a mortgage off even quicker!
