Home sale

A for sale sign is shown in Toronto's Beaches neighbourhood on Jan. 26.

Canadians who mothballed their home buying plans when the Bank of Canada started its series of interest rate hikes last year are set to spring forward with their home purchasing plan, says a new report from Royal LePage.

A survey conducted by Maru/Blue for Royal LePage found 24% of respondents were in the market for a new home this past year, with 63% of that group saying they postponed their plans due to rising rates.


Myke Thomas is a Columnist for the Western Standard and Alberta Report based in Calgary, Alberta. He has worked in television and as a columnist, reporter and editor at the Calgary Sun for 22 years.

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