Survey shows buyers considering trade-offs to find suitable home

A survey reveals 65% of Canadians are willing to compromise to afford a larger or more suitable home, such as living farther from city centers or choosing older homes. Sixty-three percent would relocate, with 47% willing to move up to an hour away. Many would reduce discretionary spending, extend mortgage terms, take extra jobs, or delay retirement. The housing market slowdown offers more choices and time for buyers to prioritize needs.