WATCH: The Bank of Canada lowered its key interest rate on Wednesday. Caryn Lieberman looks at how this could impact borrowing and house hunting.in more than four years will not be enough to help most prospective homebuyers feeling sidelined by high borrowing costs, new polling suggests.
Just over six in 10 respondents to the polls said they’ll remain on the sidelines of the housing market due to high interest rates. More than 1,000 Canadians aged 18 and older were interviewed online between June 7-10. Six in 10 respondents said they’d given up on ever owning a home — that, too, is down from 72 per cent in April.
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