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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, F eb ru ar y 14 ,2 01 9 | 26 Thank you to all my clients, friends and family for your continued support, trust and loyalty and I look forward to helping you now and in the future. Whether buying or selling... make your next move With abr, asa, ires, Clhms, C-CerC, mCne Deborah-Lee SimpSonDeborah-Lee SimpSon • broker • 43 Years of award-winning service "hall of Fame" & "lifetime achievement" awards 905-338-9000 www.deborahleesimpson.comABOUTOWNE REALTY CORP., BROKERAGE. INDEPENDENTLY OWNED AND OPERATED. As Canadians' household debt ratio creeps higher across the country, single Canadians who are interested in buying a home on their own (26 per cent), seem to be on a different path. According to a re- cent Re/Max survey conducted by Leger, almost half of respondents (43 per cent) have less than $5,000 in debt, casting doubt on claims that debt is impacting their decision to purchase a home. For more than half of single Canadians, the decision not to purchase is driven by economic uncertainty and high home pric- es (52 per cent). Meanwhile, 81 per cent of singles who want to purchase a home say that they have the ability to do so and finance a property on their own. More than one-third (37 per cent) of single home buy- ers will use a loan or mortgage, and 35 per cent have the savings available to make the down payment. "It's concerning to see qualified buyers showing hesitancy toward home owner-showing hesitancy toward home owner-showing hesitancy toward home owner ship. Price and economic factors aside, the additional unnecessary layers of govern- ment intervention have left many feeling pushed out of the market, or uncertain of it," says Christopher Alexander, Executive Vice President, Re/Max of Ontario-Atlantic Canada. However, despite these factors, it's im- portant to remember that buying Canadi- an real estate is still one of the safest and most reliable financial investments one can make. Single Canadians who want to buy a home are in agreement, with 38 per cent saying it is a good investment, which is especially the case for those living in urban areas (51 per cent). The second most-common reason for single Canadi- ans wanting to purchase a home is to have more flexibility in their living space (27 per cent). "Purchasing a property alone often reaps great long-term benefits from an in- vestment perspective," says Elton Ash, Ex-vestment perspective," says Elton Ash, Ex-vestment perspective," says Elton Ash, Ex ecutive Vice President, Re/Max of Western Canada. There is a great opportunity for asset growth, particularly as home prices con- tinue to increase in cities like Toronto and Vancouver, pushing the average sales price up in all surrounding regions as well. Key findings from the 2019 Re/Max Sin- gle Home Buyers Omnibus Survey Canadian single buyers are more in- terested in purchasing single-detached homes (12 per cent), than any other type of property. Men are twice as likely as women to say that they are considering purchasing a home on their own (37 per cent versus 17 per cent). Single Canadians living in urban areas are more hesitant than single Canadians living in suburban areas to invest due to high home costs (48 per cent versus 43 per cent). Article provided by blog.remax.ca Re/Max 2019 single home buyers report Advertorial