I normally BLOG about more
personal or local issues or outlooks pertaining to Muskoka however
I thought this story was timely and may be of interest to most of my followers!
According to RE/MAX Ontario-Atlantic Canada - Changing market conditions have
triggered a shift in the Canadian homebuyer mix and mindset, a fact identified
and confirmed by the RE/MAX Canadian Home buying Trends Survey 2013-2014 released today.
The national survey, hosted on the
Angus Reid Forum in December, was conducted among 1,109 prospective purchasers
who intend to buy within the next 24 months. From consumer demographics to
buyer intentions, the survey provides a snapshot of Canadian homebuyers heading
into a period of moderation. Among the key findings:
- Almost one in five purchasers is
single
- More than two-thirds are second or
multi-time purchasers
- Four out of 10 purchasers between the
ages of 18 to 34 have a down payment of 20 per cent or more
- Just over 80 per cent of buyers
believe housing values in their area will rise or remain the same.
"Emerging from the survey are
some very real indications that Canadian homebuyers—and their attitudes—have
changed," says Gurinder Sandhu, Executive Vice President and Regional
Director, RE/MAX Ontario-Atlantic Canada. "Purchasing patterns have evolved,
with a more conservative, fiscally-responsible purchaser moving to the
forefront. While tighter mortgage rules implemented last July played a role in
the transition, the fallout south of the border and overseas drove the message
home."
As far as the market in Muskoka and Simcoe,
well Its January and Its cold and snowy but the year is off to a great start! So
stay tuned for more info as 2013 unfolds. Make those plans Real Estate still a great investment.
