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Waiting in the wings: Renters continue to eye path to home ownership, watching for deeper drops in interest rates and home price declines
Waiting in the wings: Renters continue to eye path to home ownership, watching for deeper drops i...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\n\n Waiting in the wings: Renters continue to eye path to home ownership, watching for deeper drops in interest rates and home price declines\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n More than 1 in 4 renters in\n \n Canada\n \n say they considered buying a property prior to signing their current lease\n \n\n\n\n\n Highlights:\n \n\n\n\n 54% of renters in\n \n Canada\n \n say they plan to purchase a property in the future; nearly one third of whom plan to buy within the next two years.\n \n\n Nationally, 28% of renters say they considered purchasing a property prior to signing or renewing their current rental agreement; 40% are waiting for home prices to decline and 29% are waiting for further interest rate cuts.\n \n\n More than half of tenants in\n \n Canada\n \n (52%) spend more than 30% of their net income on rental payments.\n \n\n Nationally, rental prices have declined for eight consecutive months, but remain above long-term averages.\n \n\n Consumer survey results include provincial and city-level data.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 19, 2025\n \n\n /CNW/ - As interest rates decline and the supply of homes for sale grows, affordability is improving, shifting many residential real estate markets across the country in favour of buyers. This would seem to open the door for renters considering the move to home ownership. However, behaviour is more nuanced and many are approaching the opportunity strategically.\n \n\n According to a recent Royal LePage\n \n ®\n \n survey, conducted by Burson,\n \n\n 1\n \n\n 28 per cent of Canadians who currently rent say that, before signing or renewing their current lease, they considered buying a property rather than renting....