The dream of ever owning a home is looking bleak for a majority of Canadians shut out of the housing market, according to new polling from Ipsos.
The new survey conducted exclusively for Global News shows six in 10 (63 per cent) non-home owners have “given up” on ever owning a home. “As housing prices rise, inflation continues and interest rates go up… we can see that there’s a bunch of Canadians who have kind of given up on the idea of home ownership,” says Gregory Jack, vice-president of public affairs at Ipsos.
Those sentiments are highest in British Columbia (74 per cent), Quebec (72 per cent) and Ontario (62 per cent), but lowest in the Prairies and Atlantic Canada, the polling shows.
In addition to regional divides, Ipsos’ survey shows owning a home feels more viable for haves than the have-nots: More than two-thirds of Canadians (67 per cent) agree with the idea that owning a home is only for the rich, with those sentiments rising to 76 per cent among non-owners.