'Record-high number' of Canadians don't think they'll ever afford a home: survey
BNN Bloomberg
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey.
A report released by Mortgage Professionals Canada on Tuesday found about a third of respondents believe they’ll never be able to afford their first house.
“The rapid decline in affordability—thanks to both high home prices and now high interest rates—has played a central role in Canadians’ view towards homebuying,” the report said.
“The survey revealed a record-high number of non-owners believe they will never be able to buy a family home, at 33 percent, growing by 8 points in just six months and a whopping 15 points year-over-year.”
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