, found that 26 per cent of respondents said they are likely to buy an investment property within five years. Eleven per cent of Canadians currently own an investment property, and just over half of those investors said they planned to buy another within five years.
Just under a third of residential real estate investors said they had considered selling one or more of their properties because of higher lending rates. Young investors under the age of 35 were more likely to be weighing that option, at 54 per cent.Young Canadians still appeared motivated to start investing in real estate, despite well-documented challenges with the country’s real estate market when it comes to high prices, steep interest rates and low supply.
It also found that 15 per cent of residential real estate investors did not own their primary residence, and most of those people were in the 18 to 34 age cohort.
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