Homebuyers spring back
A new Maru Public Opinion conducted for Royal LePage Canada finds that more than a quarter of Canadians who put their home purchase plans on hold over the last year say they will resume their search this spring.
Climbing interest rates have given many potential Canadian homebuyers reason to pause their purchase plans: of those who say they were in the market (24%), two-thirds (65%) postponed their plans due to rising rates, and most of those were the youngest aged (18-34, 67%).