About 35% of Quebec tenants would have liked to invest in real estate by July 1, but ultimately had to put their project on hold due to several financial factors, according to a recent survey by Royal LePage.
According to the tenants surveyed, 24% have finally put a stop to their desire to become a homeowner in order to wait for property prices to fall, while 15% of them hope that interest rates will fall.
They are also 10% to think that they do not have a sufficient down payment and 8% to believe that they are not qualified for a sufficient mortgage loan.
“For those who hope that prices will go down, this probability is low, since demand continues to exceed supply and there is still a deficit of 100,000 housing units in Quebec,” dropped Roseline Guèvremont, residential real estate broker. at Royal LePage Tendance.
Another 18% of people plan to buy a property in the next two years.
“I notice that more and more people aspire to use real estate as a savings lever, and particularly the younger generations of buyers,” commented Ms. Guèvremont.
On July 1, 31% of Quebecers, or nearly 2.1 million people, will be tenants.