In fact, according to the results of a new poll conducted by Abacus Data for Zoocasa.com, people across the country are downright obsessed with the topic.
“In ever-increasing ways, Canadians seem almost obsessed with real estate,” Carolyn Beatty, president of Zoocasa, said in a release. “And it’s understandable. For the vast majority of Canadians, their home is the largest purchase they will make in their lifetime.”
The findings of the 1,000-respondent poll indicate that 84 per cent of Canadians think about real estate on a regular basis, while 85 per cent have either purchased a home or actively searched for one in the past year.
The poll also revealed that 34 per cent of Canadians considered themselves or a close relative as “obsessed” with real estate. This figure increased to 47 per cent in the Greater Toronto Area, home to the country’s second-highest house prices.
That singlemindedness suggests landlords will continue to face shorter and shorter tenancies as reluctant renters hang onto dreams of homeownership, even despite tighter mortgage rules responsible for short-term frustration.
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