Despite Falling Prices and Lower Interest Rates, Many Renters are Still Pressing Pause on Home Ownership

As Canada’s housing landscape continues to tilt in favour of buyers – thanks to lower interest rates and a growing supply of homes in many major markets – affordability is improving in some of the country’s most expensive markets. For many renters, this signals a long-awaited opening into the market. But rather than rushing in, prospective buyers are taking a more thoughtful, strategic approach, carefully assessing their timing, finances and long-term goals.

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