Many prospective homebuyers are delaying purchase decisions amid uncertainty about Canada’s economic outlook, according to an RBC survey.
The June 23 poll found that 75 percent of respondents said economic uncertainty is making them more cautious about buying a home, while 67 percent said they are concerned the economy could affect their home-buying plans.
The poll of 1,753 Canadians found that many respondents are split on whether it is a “buyers” market or a “sellers” market. While 27 percent said it was a good time to buy, 36 percent said it was a better time to sell.
The answers also revealed a regional divide, with people in Quebec and Atlantic Canada more likely to say it’s a “sellers” market, and those in British Columbia and Ontario more likely to call it a “buyers” market….