Financial Digest

Buying a home feels out of reach for 76% of non-owners, poll shows

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 61%

Canada Housing News

Home-Ownership,Housing Market,Consumer

An overpriced housing markets and the inability to save for a down payment are contributing to the housing market feeling out of reach for a majority of non-owners, a report said.

For the majority of Canadians who don’t own property, the dream of homeownership is feeling elusive, a new CIBC report suggests.

The two biggest reasons for homeownership feeling out of reach were overpriced housing markets and the inability to save for a down payment , according to the survey.delivered to your email every Saturday. “Housing affordability is a challenge across the country and many Canadians could use guidance on how to make their homeownership dream a reality,” Carissa Lucreziano, vice-president, financial planning and advice, at CIBC, said in a release.Cineplex sees box office revenue up 46% from 1 year ago

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 50. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Entry to Canadian housing market feels out of reach for 76% of non-owners, poll suggestsCIBC says the online survey done in February found that 70% of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal
Source: globebusiness - 🏆 31. / 66 Read more »