Two-thirds of Canadians concerned about rising home prices: Nanos survey

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Two-thirds of Canadians concerned about rising home prices: Nanos survey
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A new poll from Nanos Research has found that two-thirds of Canadians are expressing concern over rising housing prices, with concern highest among younger Canadians.

New polling from Nanos Research has found that two-thirds of Canadians are expressing concern over rising housing prices, with concern highest among younger Canadians.

Respondents between 18 to 34 were also most likely to be concerned or somewhat concerned about rising housing prices and paying their mortgage or rent .But the cost of housing isn't the only thing that has surged over the past year. Gas prices have also shot up to historic highs, although that hasn't done much to sway Canadians away from their cars, the poll suggests.

With inflation at a 31-year high, according to Statistics Canada, about one in four Canadians also reported cancelling a major purchase while 12 per cent said they sped up a major purchase because of inflation. Canadians between the ages of 18 and 34 were more than twice as likely to have cancelled a major purchase compared to those 55 or over.

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