Homebuying Intentions Rise Despite Recession Concerns: BoC Survey

Despite 47% of Canadians expecting a 2025 recession, homebuying plans are growing, says the Bank of Canada's Q4 survey.

  • 22.4% plan to buy a home in the next year, up from 21.1% in Q3.

  • Renters considering buying jumped to 19.9%, up from 16.9%.

  • Sellers' intentions rose to 13.5%, compared to 11.4%.

Easing inflation and expected rate cuts fuel optimism, though uncertainty remains high, with half of buyers unsure they’ll follow through.

Jan 27, 2025