Are most Canadians waiting for the rates to fall to 3 % ??

Posted On Nov 08, 2024

Publishings from a recent poll state that 74% of Canadians are waiting for the rate to fall around 3% before they get into action for home buying.

• 12 % would jump into the market if rates fell below 4% .
• 37 % noted three per cent or lower would get them off the sidelines.
• Rate would need to fall below 2 %  for 28 % of respondents to act.
• 10 %  noted the overnight Bank of Canada rate would need to drop to less than 1 %  for them to purchase a home or refinance.

Check out the full article below.

Source: https://calgaryherald.com/life/homes/3-per-cent-rate-may-be-threshold-for-mortgage-action?utm_campaign=Daily%20News&utm_medium=email&_hsenc=p2ANqtz-9mUwHhzixuejFMaKRrue3cGf3Gd2gJS-qdXAtEQYejykI_QwTrSgtSbvll4HrxcjacmaA2qx_aPjLBuKSfddymWmUm5kvyfe_1SwkR6uITU7ttFDU&_hsmi=333005356&utm_content=333005356&utm_source=hs_email