15 November 2018

It’s followed by the market uncertainty (17%), income level (12%) and credit score (6%).

Another issue bothering buyers is interest rates growth, as 68% expect rates and home prices to keep rising next year.

However, the respondents may be exaggerating, while many economists believe the market will be relatively cool in 2019, as growing rates will keep home prices under control.

Moreover, BMO senior economist Robert Kavcic predicts only a 1% annual price increase this month.

“In September, the average price growth in 26 surveyed markets was below 3% annually. It means we can see a relative home price stability across most of Canada,” – he says.