Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
A new poll done for CIBC says 76 per cent 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 per cent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 per cent cited the inability to save for a down payment.
The poll also found that 55 per cent of non-owners said they’ll only be able to afford a new home with an inheritance or gift from their family.
CIBC says current homeowners are also facing challenges as they deal with higher interest rates.
The bank says 51 per cent of variable-rate mortgage holders polled said they’ve been cutting back on everyday expenses, while 21 per cent are putting lump sum payments toward their mortgage.
Meanwhile, 45 per cent of homeowners with fixed-rate mortgages anticipate they’ll cut back on daily expenses as their loans come up for renewal in the next two years.
This report by The Canadian Press was first published April 11, 2024.
View original article here Source
Bedsure Satin Pillow Cases 2 Pack Queen - Grey Satin Pillowcase for Hair and Skin - Similar to Silk Pillow Cases with Envelope Closure
$11.99 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
BenSorts Women Men Pillow Sandals Adjustable Buckles Slides Thick Sole
$28.49 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Glad White Garbage Bags - Tall 45 Litres - ForceFlex, Drawstring, with Febreze Fresh Clean Scent, 50 Trash Bags, Made in Canada of Global Components
$11.65 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hanes Men’s Ribbed Tank, Cotton Undershirt Tank, 6-Pack
$20.97 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Sahara Sailor Water Bottle, 32oz Motivational Sports Water Bottle with Time Marker - Times to Drink - Tritan, BPA Free, Wide Mouth Leakproof, Fast Flow Technology with Clean Brush by Gohippos (1 Bottle)
$14.99 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Basics Neoprene Coated Dumbbell Hand Weight Set
$57.81 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirPods 2 with Charging Case - White (Renewed)
$129.99 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple iPhone 13, 128GB, Midnight - Unlocked (Renewed)
$484.97 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Maybelline New York Lash Sensational Sky High Mascara, Washable Lengthening Eyelash Mascara, Blackest Black, 7.2 mL
$10.99 (as of April 19, 2024 09:47 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)