Canadians Increasingly Putting Plans to Buy Home on Hold: Poll

Canadians Increasingly Putting Plans to Buy Home on Hold: Poll
A home is displayed for sale in a new housing development in Ottawa on July 14, 2020. Sean Kilpatrick/The Canadian Press
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Canadians are increasingly putting their plans to buy a home on hold over economic uncertainty, a poll from Scotiabank finds.

“It’s no surprise that a perfect storm made up of the rising cost of living, housing supply shortages, and increased demand has caused Canadians to feel like homeownership is out of reach,” John Webster, head of Real Estate and Secured Lending at Scotiabank, said in a press release on April 4.