GBPCAD The UK economy is gradually stabilizing
A recent survey by market research firm Ipsos found that two-thirds of Canadian respondents have given up on plans to own a home. Additionally, three-quarters believe that buying a home is a privilege for the wealthy. And 71% said the real estate crisis is still ongoing.
"The dream of homeownership is becoming a nightmare for an entire generation of Canadians," said Sean Simpson, vice president at Ipsos. The Ipsos survey surveyed Canadians of all ages, including those who already own a home. Sean Simpson said the results reflect Canada's attitude that homeownership is becoming increasingly unaffordable, especially for young people.
Federal government data also suggests younger Canadians may be leaving the housing market. According to a Statistics Canada report last week, outstanding mortgage debt is
"The dream of homeownership is becoming a nightmare for an entire generation of Canadians," said Sean Simpson, vice president at Ipsos. The Ipsos survey surveyed Canadians of all ages, including those who already own a home. Sean Simpson said the results reflect Canada's attitude that homeownership is becoming increasingly unaffordable, especially for young people.
Federal government data also suggests younger Canadians may be leaving the housing market. According to a Statistics Canada report last week, outstanding mortgage debt is
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