{"id":27942,"date":"2026-06-25T11:11:46","date_gmt":"2026-06-25T18:11:46","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27942"},"modified":"2026-06-25T14:01:43","modified_gmt":"2026-06-25T21:01:43","slug":"homeownership-comes-with-challenges-high-expenses-remain-top-barrier-for-canadian-buyers-skeptical-about-the-future","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/06\/homeownership-comes-with-challenges-high-expenses-remain-top-barrier-for-canadian-buyers-skeptical-about-the-future\/","title":{"rendered":"Homeownership Comes with Challenges &#8211; High Expenses Remain Top Barrier for Canadian Buyers, Skeptical About The Future"},"content":{"rendered":"<p style=\"text-align: justify;\">A sizeable share of Canadians who want to buy a home still don\u2019t believe they can make the numbers work.<\/p>\n<p style=\"text-align: justify;\">A new consumer sentiment report from personal financing company NerdWallet Canada found that more than one-third of non-homeowners want to purchase a home within the next year but expect to remain renters or continue living with relatives instead.<\/p>\n<p style=\"text-align: justify;\">At the same time, 55% said they have no plans to buy at all, according to the report, based on an Angus Reid survey of 1,501 Canadians.<\/p>\n<p style=\"text-align: justify;\">The findings suggest that high living costs, down payment hurdles and mortgage affordability remain far more significant barriers to homeownership than concerns about economic uncertainty, job security or trade tensions.<\/p>\n<p style=\"text-align: justify;\"><strong>High Expenses Remain Top Barrier<\/strong><\/p>\n<p style=\"text-align: justify;\">Nearly one-quarter of Canadians surveyed, or 23%, said high or unpredictable living costs were preventing them from moving in the next 12 months. Another 18% said they could not afford a down payment, while 17% cited other financial priorities.<\/p>\n<p style=\"text-align: justify;\">Waiting for home prices to fall and mortgage rates to decline were also commonly cited obstacles, at 16% and 15%, respectively.<\/p>\n<p style=\"text-align: justify;\">By comparison, concerns tied to economic uncertainty ranked lower. Eleven per cent of respondents cited worries about a recession, while 8% pointed to job security and 6% said uncertainty related to the trade dispute with the United States was holding them back.<\/p>\n<p style=\"text-align: justify;\"><strong>Canadians Say They&#8217;re Skeptical About The Future<\/strong><\/p>\n<p style=\"text-align: justify;\">Negative sentiment toward Canada\u2019s housing market remains widespread.<\/p>\n<p style=\"text-align: justify;\">The report found 88% of Canadians believe homes are overpriced, while 69% said the market is unfair to first-time buyers. Another 68% agreed that the market is too focused on housing as an investment.<\/p>\n<p style=\"text-align: justify;\">Views varied by age. Among Canadians aged 18 to 34, 63% said homeownership feels out of reach, compared with 31% of those aged 55 and older.<\/p>\n<p style=\"text-align: justify;\">Just 14% of respondents said the housing market is functioning as it should.<\/p>\n<p style=\"text-align: justify;\"><strong>Mixed Views of Real Estate Agents<\/strong><\/p>\n<p style=\"text-align: justify;\">Canadians expressed a range of opinions about the value real estate agents provide during the home-buying process.<\/p>\n<p style=\"text-align: justify;\">18% said agents provide a lot of value, while 41% said they provide some value. Another 28% said agents offer limited value, and 6% said they provide no value at all.<\/p>\n<p style=\"text-align: justify;\"><strong>Homeownership Comes with Challenges<\/strong><\/p>\n<p style=\"text-align: justify;\">The survey also found homeownership is not without regrets.<\/p>\n<p style=\"text-align: justify;\">More than four in 10 homeowners, or 42%, said they have experienced some form of regret related to owning a home. The most common concerns involved maintenance demands that were greater than expected, cited by 16% of respondents, and rising non-mortgage housing costs, cited by 13%.<\/p>\n<p style=\"text-align: justify;\">Fewer homeowners pointed to mortgage renewals, declining property values or overpaying for their home as sources of regret.<\/p>\n<p><a href=\"https:\/\/realestatemagazine.ca\/canadians-still-want-to-buy-homes-they-just-dont-think-they-can-afford-to\/\" target=\"_blank\" rel=\"noopener\">Canadians Still Want to Buy Homes &#8211; They Just Don&#8217;t Think They Can Afford To<\/a> by REM Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sizeable share of Canadians who want to buy a home still don\u2019t believe they can make the numbers work. A new consumer sentiment report from personal financing company NerdWallet &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/06\/homeownership-comes-with-challenges-high-expenses-remain-top-barrier-for-canadian-buyers-skeptical-about-the-future\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,13],"tags":[],"class_list":["post-27942","post","type-post","status-publish","format-standard","hentry","category-homeselling-homebuying","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Homeownership Comes with Challenges - High Expenses Remain Top Barrier for Canadian Buyers, Skeptical About The Future &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/06\/homeownership-comes-with-challenges-high-expenses-remain-top-barrier-for-canadian-buyers-skeptical-about-the-future\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Homeownership Comes with Challenges - High Expenses Remain Top Barrier for Canadian Buyers, Skeptical About The Future &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"A sizeable share of Canadians who want to buy a home still don\u2019t believe they can make the numbers work. 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