TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach.
TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach.
The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 per cent cited the inability to save for a down payment. 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.
Meanwhile, 45 per cent of homeowners with fixed-rate mortgages anticipate they'll cut back on daily expenses as their loans come up for renewal in the next two years.The Canadian Press
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto woman alleges she was 'grabbed' and denied bathroom entry at restaurantA viral video of a Toronto woman detailing her alleged experience attempting to use a washroom at a Markham restaurant is igniting polarizing discu...
Read more »
Toronto Maple Leafs sign Jacob Quillan to entry-level contractQuillan notched 17 goals and 29 assists for 46 points in 39 games with Quinnipiac.
Read more »
Former Quinnipiac Bobcats Forward Jacob Quillan Signs Entry-Level Contract with Toronto Maple LeafsFormer Quinnipiac Bobcats forward Jacob Quillan has signed an entry-level contract with the Toronto Maple Leafs. Quillan, a Nova Scotia native, had an impressive performance during his time with the Bobcats, scoring 17 goals and 29 assists in 39 games. Prospect analyst Steven Ellis discusses Quillan's potential and compares him to other NHL players.
Read more »
Toronto police searching for suspect who photographed female students showering at University of TorontoToronto police are searching for a suspect who took photos of female students showering in a University of Toronto residence earlier this year.
Read more »
Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,051.79, down 60.67 points): Toronto...
Read more »
Maple Leafs clinch playoff spot, will return to post-season for eighth year in a rowTORONTO — The Toronto Maple Leafs clinched a playoff berth Friday night without stepping on the ice.
Read more »