TORONTO and MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) — As rent prices outpace inflation and wages lag, one-in-three (32%) Canadians say saving for a down payment is the biggest barrier keeping them out of the housing market, according to a new survey from CPA Canada and BDO Debt Solutions.
Another 30 per cent of Canadians point to the ongoing cost of mortgage payments as their main obstacle to owning a home, while just 10 per cent of respondents say they prefer the flexibility of renting.
With 43 per cent of all respondents reporting the high cost of living as their top financial challenge—and another 14 per cent pointing to paying down debt—many Canadians are struggling to manage day-to-day expenses, let alone save for a home.
“Like sucking the oxygen out of a room, rising housing costs in …