Home Buying Plans Unchanged, Renovations to Continue
A recent survey of Alberta Home Owners by RBC indicates that Canadians’ home buying plans have not changed in response to the activity in the stock markets during the past several weeks. 22% of Canadians surveyed are planning to purchase a home in the next two years (unchanged from January).
The survey also covers renovation plans, where Albertans are the most likely to renovate their home’s interiors (74%) spending an average of $12,422. The survey indicates that 23% would rather sell and move to another home than renovate their current home. See the full survey results here. (RBC Special Reports: RBC survey finds homebuying intentions hold steady)
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