Most Canadians Say Home Ownership Unattainable Even With Rate Cut: Poll

A sold sign in front of a west-end Toronto home in a file photo. The Canadian Press/Graeme Roy

Interest rate cuts won’t be enough for most Canadians to get into the housing market, according to a recent poll.

On June 4 the Bank of Canada dropped its key interest rate by 0.25 percent from five percent to 4.75 percent. It was the first cut in four years.