{"id":1805,"date":"2026-07-06T08:01:39","date_gmt":"2026-07-06T13:01:39","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/06\/why-55-of-canadians-have-given-up-on-buying-a-home-this-year\/"},"modified":"2026-07-06T08:01:39","modified_gmt":"2026-07-06T13:01:39","slug":"why-55-of-canadians-have-given-up-on-buying-a-home-this-year","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/06\/why-55-of-canadians-have-given-up-on-buying-a-home-this-year\/","title":{"rendered":"Why 55% of Canadians Have Given Up on Buying a Home This Year"},"content":{"rendered":"

A new survey from NerdWallet Canada and Angus Reid reveals a sobering reality for the housing market: affordability, not economic uncertainty, is the primary barrier keeping potential buyers on the sidelines. While interest rates have begun to ease, a staggering 55% of non-homeowners have no plans to purchase a property in the next 12 months. The data highlights that high living costs (23%) and down payment hurdles (18%) are far more influential than fears regarding job security or trade disputes. Even with a 4.1% year-over-year dip in the CREA benchmark price index as of May 2026, the average sale price remains stubbornly high, leaving many, particularly those aged 18-34, feeling that homeownership is out of reach. For a deeper dive into these market sentiments and the latest trends impacting the Canadian landscape, we encourage you to read the full report at [MPA Mag](https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/canadian-homebuyers-cite-affordability-not-uncertainty-as-chief-barrier\/581361).<\/p>\n

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New data shows 55% of non-owners have abandoned buying plans. Is the affordability crisis finally breaking the Canadian dream?<\/p>\n","protected":false},"author":2,"featured_media":1804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[389,297,314,193,399],"class_list":["post-1805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-crea","tag-homeownership","tag-housing-affordability","tag-market-trends","tag-toronto-real-estate"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1805"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1804"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}