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.”

Share this item

Commercial real estate offers challenges, opportunities Foundation board of directors for 2014

For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Senior Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246