The majority of Canadians were planning to sell their home, according to a survey conducted in August 2023. Nevertheless, about 41 percent of the respondents were not planning to sell in the next five years. On the other hand, six percent shared that they wanted to sell in the coming year. The source adds that some of the reasons why homeowners are reluctant to sell in the next three years include the stress of moving and the higher mortgage rates.
Distribution of homeowners in Canada in 2023, by plans to sell their property
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NerdWallet. (September 11, 2023). Distribution of homeowners in Canada in 2023, by plans to sell their property [Graph]. In Statista. Retrieved February 15, 2025, from https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed
NerdWallet. "Distribution of homeowners in Canada in 2023, by plans to sell their property." Chart. September 11, 2023. Statista. Accessed February 15, 2025. https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed
NerdWallet. (2023). Distribution of homeowners in Canada in 2023, by plans to sell their property. Statista. Statista Inc.. Accessed: February 15, 2025. https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed
NerdWallet. "Distribution of Homeowners in Canada in 2023, by Plans to Sell Their Property." Statista, Statista Inc., 11 Sep 2023, https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed
NerdWallet, Distribution of homeowners in Canada in 2023, by plans to sell their property Statista, https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed (last visited February 15, 2025)
Distribution of homeowners in Canada in 2023, by plans to sell their property [Graph], NerdWallet, September 11, 2023. [Online]. Available: https://www.statista.com/statistics/1451757/home-seller-plans-canada/?__sso_cookie_checker=failed