Young adults in the next two years are expected to lead the pack of home-hunters in the rush to capitalize on Canada’s affordable market, says a new RBC survey.

Canadian consumers will continue to buy, a new study says. Courtesy TheTruthAbout.../Flickr

The study said the lure of low interest rates has spread to a surprising age group – 15 per cent of Canadians aged 18 to 24. They say they will buy a house in the next two years – compared to eight per cent the year before.

Overall, 10 per cent of Canadians said they are “very likely” to purchase in the next two years, up from seven per cent in 2008.

"With the Canadian housing market showing continued vigour, it's not surprising that Canadians feel more confident in the long-term value of owning a home," said Robert Hogue, RBC senior economist, in a release. "Exceptionally low mortgage rates and improved affordability have been key reasons for the resurgence in the housing market this past year."

Last week, the Bank of Canada announced interest rates would hold steady until at least June of this year.

Six out of ten Canadians surveyed believe housing prices will be hiked this year, up from 25 per cent in 2009.

The 17th annual RBC Housing Survey was conducted by Ipsos Reid and 2,047 Canadians were polled. It is accurate with a 2.2 per cent margin of error, 19 times out of 20.