Skip to content
Nearly half of Canadian renters will continue to rent indefinitely: survey – National


A new survey reveals that almost half of Canadians who rent will continue to do so indefinitely and do not know when they will be able to enter the housing market.

Renters surveyed by insurance company Canada Life cited lack of money, fear and uncertainty as reasons for staying away, with nearly 73% saying now is a bad time to buy a house and 17% saying they will never buy one.

Read more:

1 in 4 homeowners say rising mortgage rates could push them to sell: survey

While 79% of respondents think home ownership is a good investment, 64% think they won’t be able to buy a home unless they have financial support from other people like family members.

The survey also reveals that Canadians aged 25 to 29 are twice as likely to continue renting indefinitely as those aged 30 to 49.

The story continues under the ad


Nearly half of Canadian renters will continue to rent indefinitely: survey – National







1 in 4 homeowners say rising mortgage rates could push them to sell: survey


1 in 4 homeowners say rising mortgage rates could push them to sell: survey – June 13, 2022

Current homeowners are also feeling the pressure, with 24% saying they feel housing poor, according to the survey.

As the Bank of Canada continues to raise interest rates, homeowners could face even more difficulty as mortgage payments rise.

© 2022 The Canadian Press




globalnews