Homeownership feels further out of reach than at pandemic peak, Scotiabank Housing Poll
TORONTO, April 4, 2022 /CNW/ - Canadians are less likely to purchase a home now than they were at the height of the pandemic, according to the latest Scotiabank Housing Poll.
- TORONTO, April 4, 2022 /CNW/ - Canadians are less likely to purchase a home now than they were at the height of the pandemic, according to the latest Scotiabank Housing Poll.
- Concerns over costs of living, rising interest rates, market instability, and economic uncertainty has most millennials feeling discouraged about their homeownership aspirations.
- More than half of millennials (56%) say the current economic environment has negatively impacted their finances putting their homebuying plans on ice.
- This is most common amongst younger Canadians, of which half (49%) are considering moving out of their city to get more 'house' for their money.