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Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

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The Canadian Press

TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach. The bank says...

TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach.

The poll also found that 55 per cent of non-owners said they'll only be able to afford a new home with an inheritance or gift from their family.The bank says 51 per cent of variable-rate mortgage holders polled said they've been cutting back on everyday expenses, while 21 per cent are putting lump sum payments toward their mortgage.

It's a major contributor to climate change — the way buildings and roads are made with concrete. It's also a problem that's growing as more of the world develops. So the race has been on to find solutions for a material that's responsible for roughly 8% of global carbon dioxide emissions. Now one California startup has developed a technology that reduces carbon dioxide in the making of cement and could have the potential to operate at large scale.

 

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