More than half of Canadians say 2nd job needed to buy a home: RBC survey [Video]

More than one-quarter of Canadians plan to buy a home in the next two years, but a new poll shows a majority of Canadians feel they need a second job or “side hustle” in order to save enough to do so.

The RBC’s Home Ownership Poll surveyed 2,824 Canadians under the age of 65 early this year and found that 57 per cent believed they would need that second job or side hustle in order to supplement their savings, with 27 per cent saying they’ve had to or would have to live with their parents longer in order to afford a home.

Nearly half, or 47 per cent, say they need to overhaul their spending and saving habits to buy a home.

However, not everyone feels the need to stay with family to save, the survey showed, with 62 per cent saying financial support from family is necessary and two in five people saying they have or will need to buy a …