The reason single Canadians aren’t buying real estate

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.

Top benefits for singles buying real estate:

1. 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.

2. 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.

3. 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!



Phase 2 - Ottawa LRT

Stage 2 will change the way we move around Ottawa. Think about it: Over 40 kilometres of rail and 23 new stations. That means shorter commutes, cleaner air, and a stronger economy.

You will be able to get on a train as far east as Trim Road, travel traffic-free through the downtown tunnel, and arrive as far west as Algonquin College or Moodie. If you’re coming from the south, Stage 2 will extend the existing O-Train Trillium Line to Riverside South, while adding stations along the way at Walkley and Gladstone, along with a link that will take you all the way to Macdonald-Cartier International Airport.

The Stage 2 LRT project was approved unanimously by Ottawa City Council in 2013. We plan to start construction in 2019. Upon completion in 2023, Stage 2 will bring 70% of residents within five kilometres of rail.

We need to stay ahead of the gridlock being experienced in other cities. With Ottawa projected to grow to 1.14 million people by 2031, we need to make sure the nation’s capital continues to be one of the best places in the world to live and work.

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