A new poll says concerns about job stability and the economy are weighing on first-time homebuyers looking to enter the market.
The Harris Poll Canada study commissioned by Scotiabank says more than half of Canadians planning to buy their first home in the next five years feel that doing so is currently out of reach.
Around 62 percent of potential first-time buyers cite the current economic environment as a factor negatively impacting their finances and delaying buying plans.
Other top concerns include affordability at 56 percent, followed by uncertainty about the future at 47 percent and fear of making the wrong decision at 43 percent….