Entry to Housing Market Feels out of Reach for 76% of Non-Owners: CIBC Poll

Entry to Housing Market Feels out of Reach for 76% of Non-Owners: CIBC Poll
A new home is displayed for sale in Ottawa on July 14, 2020. Sean Kilpatrick/The Canadian Press
The Canadian Press
Updated:
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A new poll done for CIBC says 76 percent 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 percent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 percent cited the inability to save for a down payment.