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Canadian pandemic homebuyers have zero regrets, survey shows – Canada News


Regardless of the present uncertainty and slowing of the housing market, Canadians who bought a house throughout the COVID-19 pandemic don’t have any regrets.

In a brand new Zolo survey of 1,183 homebuyers, outcomes present that pandemic homebuyers don’t remorse shopping for a house. In keeping with the ballot, 84 per cent of Canadians who purchased throughout the pandemic are pleased with their buy at the moment.

Jordann Kaye, a spokesperson for Zolo, stated they got down to see if the anecdotal tales being informed within the media about pandemic homebuyers had been consultant of how Canadians really feel.

“I feel we suspected that perhaps, on common, most Canadians had been pretty happy, however we didn’t anticipate the compelling outcomes that we obtained,” she stated.

Kaye says that following the pandemic lockdowns, what Canadians prioritized of their properties modified. A pleasant kitchen and open idea that was a should earlier than the pandemic was re-prioritized as house places of work and area to entertain the household grew to become extra essential.

In keeping with the survey, 91 per cent of Canadians who bought properties in a unique province are pleased with their properties and 85 per cent of homebuyers who relocated over 100 kilometers from their earlier residence are pleased with their shopping for selections.

Kaye says that what Zolo is aware of now’s that Canadians aren’t simply shopping for a house to get away from renting, however to additionally change their dwelling situations.

“I feel that displays the altering priorities that Canadians have, now that we’re dwelling in a post-pandemic world,” she stated.

Kaye famous that the survey highlighted an angle felt by many Canadians whereas experiencing the pandemic: “If I do not purchase now, I’ll by no means be capable to purchase.”

“What we discovered is that most individuals are nonetheless fairly happy with their properties, even individuals who provided above listing costs, even individuals who purchased properties sight unseen, nonetheless reported not regretting their house purchases,” she stated.

Outcomes present that 58 per cent of pandemic homebuyers who waived financing and inspections are pleased with their house. As well as, 84 per cent of homebuyers who paid above listing value don’t remorse it.

The highest the explanation why Canadians felt they wanted to purchase had been: extra space, they had been uninterested in renting, they usually felt that it was a great funding alternative.

Nicole Victoria is an writer and actual property agent who’s among the many Canadians who purchased a house throughout the pandemic. In a Zolo press launch, she stated she loves the affordability and the totally different facilities in her new neighborhood. Her household made a transfer from Ontario to Edmonton, Alta.

“Discovering a property you’re keen on takes extra than simply the value. A number of issues can affect a homebuyer’s resolution,” Victoria stated.

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