HomeMortgageCanadians' homebuying enthusiasm remains strong: report

Canadians’ homebuying enthusiasm remains strong: report

That shows that many Canadians remain wedded to their local environment despite the surging trend of interprovincial migration over the past two years, Alexander said – perhaps partly because of work considerations with offices and workplaces having reopened and fully-remote arrangements no longer possible in many cases.

“If you bought out of province and your employer’s asking you to come back to the office, it’s almost impossible to commute, even if it’s a couple of days a week,” he said. “All the affordability advantages you gained by moving to a less expensive area or community, you would lose if you had to fly in every week.”

Among the hurdles that Canadians said prevented them from entering the housing market, concerns over rising interest rates had climbed to 24%, an increase of 6% over last year, in a clear indication that…

Read more at www.mpamag.com

- Advertisment -

Most Popular