Homebuyers Fear Economic Downturn

This is a news story, published by financialpost, that relates primarily to Deloitte Canada’s news.

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national average home price

financialpost

•

Business

Business & Economics

Recession fears put Canadians' homebuying plans on hold, says BMO survey

Summary

Nutrition label

65% Informative

Nearly three-quarters of people considering buying a home have adopted a “wait-and-see approach,” up from 60 per cent in March .

Deloitte Canada’s economic outlook released last week called for a recession to start in the second quarter of this year , with growth contracting by 1.1 per cent .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful