Most Canadians waiting for mortgage rates to drop to re-enter housing market: poll

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Most Canadians waiting for mortgage rates to drop to reenter housing market: poll

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.

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