The survey, published on June 5, found over two-thirds or 68 per cent of Canadians plan to wait for lower rates before they purchase a home. It said half of Canadians are deferring their home purchases because of their concerns about the economy, while 20 per cent are no longer sure if or when they will buy a home at all.
A different housing poll released by CIBC on the same day found that despite concerns about affordability, Canadians continue to see homeownership as an important goal and a great source of pride.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: VancouverSun - 🏆 49. / 61 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: OttawaCitizen - 🏆 21. / 68 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: calgaryherald - 🏆 64. / 52 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: nationalpost - 🏆 10. / 80 Read more »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Source: VancouverSun - 🏆 49. / 61 Read more »