Industry News

Investors grow in Canada’s residential real estate markets

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Recent gains in average property prices are attracting a growing number of investors to major markets across Canada, and one in six Canadians plans to buy an investment property in the next 12 to 24 months, according to a report released today by RE/MAX in Canada. The report is based on online interviews conducted in December 2005 with 1,200 homeowners across Canada and highlights developing interest in residential real estate as an investment. Close to 30 percent of respondents already owned one or more investment properties and approximately 18 percent indicated that real estate represented more than 51 percent of their total investment portfolio. Why are purchasers turning to real estate as an investment, considering that prices are rising fairly rapidly, vacancy rates are relatively high compared to past years and stock markets have bounced back? "We believe purchasers view residential real estate as a simple, sound and safe investment -- something that is very familiar to them,"...