A new consumer pulse report by Dye & Durham Limited. concluded many Canadians prefer to wait and see until purchase prices and/or ,interest rates decline. Only 10% of respondents said that they are expecting to sell their primary residence and purchase a new one in the next year. This was a rate twice as high as that of the previous 12 months, Dye & Durham said.
The share of those planning to buy their first owned home in the next year also doubled from 4% in the past year to 8%, while the number of those intending to buy an investment/income property or secondary/vacation property went up from 5% to 8%.
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