Canadian Real Estate Panic? Media Butchers BMO’s Poll Again

#canadianrealestate #canadarealestate #canadianeconomy Half of Canadians think they’ll “Never” be able to afford real estate – this according the media’s account of a new poll from the Bank of Montreal. Yet – that’s exactly NOT what the poll says. Vote in Today’s Poll: https://www.youtube.com/@MortgageBrokerLondonOntario/community Links: BMO Survey: Rising Recession Concerns Among Canadians Sidelining Prospective Homebuyers: https://newsroom.bmo.com/2025-05-05-BMO-Survey-Rising-Recession-Concerns-Among-Canadians-Sidelining-Prospective-Homebuyers Half of Canadians fear they'll never own a home as recession and interest rates crush buying hopes: https://money.ca/mortgages/homebuying/homebuyers-hit-pause-due-to-recession-fears 50% of Canadian fear they'll NEVER own a home as recession and interest rates crush buying hopes: https://www.msn.com/en-ca/money/topstories/50-of-canadian-fear-they-ll-never-own-a-home-as-recession-and-interest-rates-crush-buying-hopes/ar-AA1Ek1y7 Homeownership rate declines from 2011 to 2021 in all provinces and territories, except in the Northwest Territories: https://www150.statcan.gc.ca/n1/daily-quotidien/220921/mc-b001-eng.htm BMO Survey: Rising Recession Concerns Among Canadians Sidelining Prospective Homebuyers: https://finance.yahoo.com/news/bmo-survey-rising-recession-concerns-100000850.html Recession fears put Canadians' homebuying plans on hold, says BMO survey: https://financialpost.com/news/economy/recession-fears-canadians-home-buying-on-hold-bmo-survey Half of Canadians say owning a home feels less attainable than last year: https://www.wealthprofessional.ca/news/industry-news/half-of-canadians-say-owning-a-home-feels-less-attainable-than-last-year/389087 BMO Survey: 72% of Aspiring Homeowners are Waiting for Rate Cuts Before Buying: https://newsroom.bmo.com/2024-04-29-BMO-Survey-72-of-Aspiring-Homeowners-are-Waiting-for-Rate-Cuts-Before-Buying High interest rates keeping many Canadian homebuyers on sidelines: BMO: https://www.mpamag.com/ca/mortgage-industry/industry-trends/high-interest-rates-keeping-many-canadian-homebuyers-on-sidelines-bmo/534647 Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey: https://www.canadianmortgagetrends.com/2024/04/majority-of-aspiring-homeowners-awaiting-rate-cuts-before-buying-bmo-survey/ Posthaste: Canadians put off plans to buy a home until the Bank of Canada cuts rates: https://financialpost.com/news/canadians-wait-bank-of-canada-rate-cut-before-buying-home Tariff turmoil means Canada’s housing market is ‘treading water at best’: https://globalnews.ca/news/11132528/donald-trump-tariffs-canada-housing-market/ January home sales at lowest level since 2009: CREA: https://www.canadianmortgagetrends.com/2023/02/canadian-home-sales-january-totals-at-lowest-since-2009-crea/ GTA REALTORS Release April Stats: https://trreb.ca/market-data/market-watch/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Posthaste: Sidelined homebuyers just waiting for the Bank of Canada to cut rates: https://financialpost.com/news/homebuyers-wait-bank-of-canada-rate-cut Half of sidelined homebuyers waiting for interest rate cuts to resume their purchase plans: https://blog.royallepage.ca/half-of-sidelined-homebuyers-waiting-for-interest-rate-cuts-to-resume-their-purchase-plans/ Nearly half of homeowners needed help from family to buy their first home: BMO survey: https://realestatemagazine.ca/nearly-half-of-homeowners-needed-help-from-family-to-buy-their-first-home-bmo-survey/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.