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CANADIANS GEARING UP TO RE-ENTER THE HOUSING MARKET DESPITE DECLINING CONFIDENCE IN THE ECONOMY
CANADIANS GEARING UP TO RE-ENTER THE HOUSING MARKET DESPITE DECLINING CONFIDENCE IN THE ECONOMY ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n CANADIANS GEARING UP TO RE-ENTER THE HOUSING MARKET DESPITE DECLINING CONFIDENCE IN THE ECONOMY\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Less than one-in-ten Canadians believe we'll avoid a recession in the next 12 months\n \n \n Fewer respondents in Q4 planning to wait for home prices / interest rates to drop before buying or selling a house than in Q3\n \n \n Vast majority of employed Canadians say technology plays an important role in their day-to-day professional life, with many labelling it \"very important or critical\"\n \n \n Nearly half of Canadians think that lawyers and notaries would benefit from incorporating more technology into their services\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 17, 2024\n \n \n /CNW/ - Canadians remain seriously concerned about the state of the economy heading into 2024, but their patience for well-priced real estate opportunities has begun to wane.\n \n \n \n \n \n \n \n \n \n According to the findings of the Dye & Durham's Canadian Pulse Report for Q4 2023, a survey of 1,003 Canadians on trends in the economy, technology and real estate market conducted via the online Angus Reid Forum, fewer Canadians say they are planning to wait for house prices and interest rates to decrease before buying a property, despite lingering concerns about the strength of the economy. Only one-in-five (20%) Canadians say they plan to wait for purchase prices to drop in 2024, and 21% plan to wait for interest rates to decline - down from 24% and 23% respectively in Q3.\n \n \n \n High interest rates continue to impact financial well-being and spending patterns\n \n \n Only 20% of Canadians feel better off financially this year than last year, down from the 25% who thought so in Q3. Conversely, the number of Canadians who say they are worse off financially today rose to 44% in Q4 from 39% in Q3. High interest rates and inflation have played a considerable role in this, as Canadians are expecting they will need to spend more on groceries (57%), gas (41%), insurance (auto, 30%; home,...