A sobering new report from NerdWallet reveals a deepening divide in the Canadian housing market: more than 50% of non-homeowners have officially shelved plans to purchase a property in the coming year. As affordability remains the primary barrier, the dream of homeownership is feeling increasingly out of reach for many, particularly younger Canadians. While the Canadian Real Estate Association (CREA) notes that the market remains sluggish—with sales significantly trailing historical averages—price relief for buyers remains elusive. Experts point to a ‘wealth inequality’ trap where current owners are the only ones scaling up, while renters face the double squeeze of rising living costs and increasing down payment requirements. With 28% of non-owners now committing to long-term renting, the barrier to entry continues to climb. Read the full analysis at the Financial Post to understand how these shifting sentiments are reshaping the future of the Canadian market.
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