More Canadians Putting Home-buying Plans on Hold
High prices, rising interest rates and an uncertain economic outlook are causing many would-be homebuyers to postpone their plans to purchase a house.
Nearly half (43%) of those polled in a recent Scotiabank survey said they are putting their home purchase plans on hold, an increase from 22% in 2021 and 20% in 2020.
Half of those aged 18 to 34 said rising interest rates are causing them to reevaluate their purchase plans.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: April 4, 2022
Link to Original Article: https://www.canadianmortgagetrends.com/2022/04/more-canadians-putting-home-buying-plans-on-pause/