Canadian Home Buyers Still Anxious About Economy

By Bruce on December 22, 2009 4:15 PM in Home Purchasing | | Comments (0)

Another day, another survey - this time real estate agents and mortgage brokers were asked to rank the biggest issues faced by home buyers over the past three months.

The number one concern among buyers? Not surprisingly, 38 per cent said that they were uneasy about economic volatility. This was followed, at 33 per cent, by those who said that they were worried that they wouldn't be able to sell their current home for an excellent price.

Despite these concerns, 20 per cent of respondents said that they have not heard concerns from buyers. That means that one-fifth of Canadians are feeling secure enough in their own personal situations during the economic downturn to take on a home mortgage. With rates likely to rise in 2010, this would be the time to buy a house.