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Home-buying behaviour reflects our changing times - Solutions For Financial Planning* Thumbnail

Home-buying behaviour reflects our changing times - Solutions For Financial Planning*


A new normal has some people rethinking their future homelife plans.

Should I sell and downsize? Should I buy a new home? Should I sell and rent? Should I help my adult child buy a home? Should I buy a cottage?  Lately, many discussions with clients have all had one topic in common - real estate.  Apparently, it’s going to take more than a global pandemic to put the brakes on Canada’s rollicking real estate market. In fact, many changes brought on by the pandemic are influencing buyer behaviour and transforming some long-standing trends.  The real estate market has been a main topic driving requests for comprehensive financial plans, and we've been more that happy to help our clients determine what is possible.

While a home-buying plan still largely depends on the key factors of cost and location, today’s historically low interest rates and the vast number of jobs that are now done from home are encouraging some Canadians to rethink what kind of future home could suit their ideal lifestyle. In other words, more real estate decisions are being based on where people want to live, not where they feel they must. 

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* This article opens in a new window directing you to Manulife's Solutions for Financial Planning Magazine. 

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