Real Estate in Percent: All the Interesting Statistics

Do you think real estate is boring?

Well, if you let us walk you through some of its interesting facts, we might just change your mind.

There’s so much more to real estate than just how many properties have been sold or how much profit has been made.

In fact, we believe that some of these statistics may even help you with your next property purchase.

Let’s find out!

44% of Homeowners Claim to Live in a Haunted House

Ever wondered what it’s like to live in a haunted house?

Well, believe it or not, 44% of real estate owners claim to live in haunted properties.

What’s even more surprising is that regardless of how high this percentage is, it doesn’t seem to fend off buyers.

If anything, it entices them even more. Ideas like these even have the potential to increase the property’s selling price. This is because there are buyers looking for unique properties, and haunted homes are surely on the list.

But these paranormal activities will, of course, never be scarier than the unknown foundation and safety issues of a property!

66% of Millennials Regret Their Real Estate Purchases

The reason behind this high percentage is certainly not because real estate isn’t a good investment. Neither is it because “renting is in” in modern times.

It’s solely because of the compromises they have to make in order to live on their properties.

With the hiking inflation rates and permanently rising property prices, most millennials rushed into purchasing real estate for financial security.

This is exactly why it’s important not to rush into things. Although you may never have everything, you should at least be aware of what you’re getting.

Most millennials found their properties needing excessive maintenance, not-so-ideal locations, not of the right size, and sometimes even too costly.

And they often stated that if they could go back in time, they’d study the properties intricately. They believe that their money could have been worth a property with better quality.

90% of Millionaires Became Rich Thanks to Real Estate (and the Other 10% Thanks to Win in Casino)

Although this may not be a surprise to many, it certainly is a reminder of just how beneficial investing in real estate can be.

One of the biggest reasons why real estate has made people millionaires is due to its passive and never-ending income.

As time passes by, your properties’ values continue to increase and never decrease. Other benefits of real estate investments are tax benefits, leverage, cash flow, and just the fact that it’s a tangible asset.

And before you wonder what the remaining 10% is, we’ll let you know that it’s thanks to win in casino. The risks of gambling are definitely immense, but this just means that the rewards are too!

49% of Canadians Support a Mortgage Increase

Just when you thought these statistics couldn’t get more unbelievable, almost half of Canada’s population supports a mortgage increase!

Now, why would they want to spend more money — you may ask.

Well, chances are they understand that higher mortgages equal reduced outer costs and increased savings rates. Pretty much a good trade, don’t you think?

31% of Real Estate Sales are to First-Time Homeowners

This fact goes against the current of the earlier statistics we discussed.

While everyone was expecting the percentage of real estate sales to first-time homeowners to be high, it’s actually very low.

It’s definitely a surprise to find out that 69% of these sales were to individuals who already held property titles. And this is because you’d expect that one property would be enough for them.

But that’s the beauty of real estate—when you realize just how valuable and beneficial it is, you’ll find it hard to stop!