CIBC 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
says 76 per cent of Canadians who don’t own a property say entry to the housing market feels out of reach.
The poll also found that 55 per cent of non-owners said they’ll only be able to afford a new home with an inheritance or gift from their family.The bank says 51 per cent of variable-rate mortgage holders polled said they’ve been cutting back on everyday expenses, while 21 per cent are putting lump sum payments toward their mortgage.
Poll Mortgage Bank Entry Reach Property Cibc CIBC CM-T CIBC
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