High interest rates making Ontarians reconsider moving plans: survey

Nearly half of Ontarians have shifted their moving plans due to high interest rates, according to the results of a new survey.

The survey from RATESDOTCA released Thursday found 48 per cent of Ontario respondents indicated that higher interest rates have affected their decision to either move, upsize, downsize or purchase a home.

Seventeen per cent of those surveyed said they delayed plans to purchase a home for the same reason.  

“What the data lays bare is that more people are deeply reconsidering the use and benefit of this particular life milestone,” RATESDOTCA said in a written statement on the findings.