Many Canadians hold off buying homes until interest rates fall

BMO report finds owning a home is still an aspiration for most Canadians, though many believe it is now unattainable.

A strong majority of aspiring homeowners are sitting on the sidelines waiting for interest rates to fall before they will look to purchase a home, a new survey has found. BMO recently released the latest data from its Real Financial Progress Index, which found 72 per cent of aspiring homeowners are waiting for interest rate cuts before they look to buy a home. Read More