April 22nd - 2014

Younger Ontarians value owning home

Home ownership is important to the younger residents of Ontario, according to a new survey conducted by Ipsos Reid for the Ontario Real Estate Association (OREA). In the research, 79 per cent of those surveyed in Generation X

Home ownership is important to the younger residents of Ontario, according to a new survey conducted by Ipsos Reid for the Ontario Real Estate Association (OREA). In the research, 79 per cent of those surveyed in Generation X (people born between 1965 and 1980) and 77 per cent of those surveyed who are in Generation Y (people born between 1981 and 1995) said owning a home is important to them. Moreover, 82 per cent of Gen X and 76 per cent of Gen Y said it makes it makes more sense to own a home rather than rent one over the long term. Furthermore, 82 per cent of Gen X and 73 per cent of Gen Y said they believe real estate is a good investment. The study is the first of its kind for OREA. For more details, visit www.orea.com and click on “About” and then on “News and Press Releases.”

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246