Even single Canadians who have enough money are hesitating about buying a home: Survey - News Summed Up

Even single Canadians who have enough money are hesitating about buying a home: Survey


Frazer Hadwin is single, has an above-average income and $3,000 in debt. He’s looked and even bid on homes in Toronto, but Hadwin has put aside buying a place for the time being. According to a new survey, 52 per cent of single Canadians say economic uncertainty and high home prices are making them hesitate about buying a home. But the other side of that is that interest rates are low enough that you don’t make money on your money because the banks can’t turn it around and make more money off your money. The survey of 590 single, divorced, separated and widowed Canadians was completed between Jan. 11 and 14.


Source: thestar February 05, 2019 11:03 UTC



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