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Almost half of Canadian tenants continue to rent indefinitely: Survey-National

Almost half of Canadians renting continue to rent indefinitely, according to a new survey, and it’s unclear when they can enter the housing market.

Tenants surveyed by insurance company Canada Life cited cash shortages, fears and uncertainties as reasons to stand by, with nearly 73% saying it’s a bad time to buy a home and 17% buying a home. It states that there is no such thing.

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One in four homeowners say rising mortgage rates could drive them to sell: Survey

79% of respondents believe that owning a home is a good investment, but 64% believe that they cannot buy a home without financial support from others, such as their families.

The study also found that Canadians between the ages of 25 and 29 were twice as likely to continue renting indefinitely as Canadians between the ages of 30 and 49.

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One in four homeowners say rising mortgage rates could drive them to sell: Survey


One in four homeowners say they could be put up for sale if their mortgage rates rise.Survey – June 13, 2022

Current homeowners are also under pressure, and surveys show that 24% feel their homes are poor.

Homeowners may face even more distress as mortgage payments increase as the Bank of Canada continues to raise interest rates.

© 2022 The Canadian Press



Almost half of Canadian tenants continue to rent indefinitely: Survey-National

Source link Almost half of Canadian tenants continue to rent indefinitely: Survey-National

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