{"id":297538,"date":"2024-01-08T21:19:04","date_gmt":"2024-01-08T21:19:04","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=297538"},"modified":"2024-01-10T15:14:54","modified_gmt":"2024-01-10T15:14:54","slug":"nearly-1-in-5-canadians-are-considering-buying-a-home-in-2024","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/wahi-2024-homebuyer-intentions-survey\/","title":{"rendered":"Nearly 1 in 5 Canadians Are Considering Buying a Home in 2024"},"content":{"rendered":"

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Wahi’s 2024 Homebuyer Intentions Survey provides insights into what real estate resolutions Canadians are making for the New Year.<\/span><\/p>\n

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By Josh Sherman<\/a>\u00a0<\/span>| 3 minute read<\/p>\n

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Despite high house prices and the recent surge in interest rates, nearly one-quarter (24%) of Canadians aged 18-34 say they might, or probably will, buy a home in 2024, according to Wahi’s 2024 Homebuyer Intentions Survey.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”32px||23px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”11px||14px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

For a significant number of Canadians, 2024 will be the year they buy a home. In fact, nearly one in five Canadians aged 18 and up say they probably will or may buy a home this year, and Canadians under 35 have the strongest intentions, according to a new Wahi survey of Angus Reid Forum members looking at homebuyer intentions for 2024.<\/span><\/p>\n

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Wahi\u2019s 2024 Homebuyer Intentions Survey gauges Canadians homebuying plans over the next year as well as what homebuyer hopefuls are going to do to make their ownership dreams come true. The survey suggests that many Canadians are planning to make sacrifices, including spending less, working longer hours, or taking on a side hustle. \u201cAs the results of our survey suggest, many Canadians are planning to purchase a home this year \u2014 particularly in some of the country\u2019s more affordable markets \u2014 and they\u2019re also willing to make lifestyle and work changes to realize their dreams,\u201d says Wahi CEO Benjy Katchen.<\/p>\n

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Key findings from the survey:<\/b><\/h2>\n

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1. Younger Canadians keen to get on the property ladder \u00a0<\/b><\/h2>\n

Despite high house prices and the recent surge in interest rates, nearly one-quarter (24%) of Canadians aged 18-34 say they might, or probably will, buy a home in 2024. This is higher than what was observed for those aged 35-54 (22%) and 55+ (11%). The national average for all age groups was 18%. <\/span>
<\/span><\/p>\n

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2. Location, location, location: Homebuying intentions vary by region<\/b><\/h2>\n