<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Some consumers need much lower interest rates to trigger home-buying plans</label>
    <description><![CDATA[For respondents not planning to buy a house: If interest rates decline from their current levels, would you plan to purchase a home over the next 12 months?  You are not planning to buy a house unless rates decrease. By how much would interest rates have to decline for you to purchase a home over the next 12 months? (Share of respondents)

Note: bps means basis points.]]></description>
    <link>https://www.bankofcanada.ca/?p=241372</link>
</groupDetail>
<seriesDetail>
<series id="CSCE_2024Q3_C8_S1">
<label>Share of respondents</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="CSCE_2024Q3_C8_S2">
<label>Share of respondents</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Plan to buy if rates decrease|Yes"><v s="CSCE_2024Q3_C8_S1">8</v></o>
<o k="Plan to buy if rates decrease|No"><v s="CSCE_2024Q3_C8_S2">77</v></o>
<o k="Plan to buy if rates decrease|I don't know"><v s="CSCE_2024Q3_C8_S2">15</v></o>
<o k="Decrease in rates required to change plans|Slight decrease (100 bps or less)"><v s="CSCE_2024Q3_C8_S1">9</v></o>
<o k="Decrease in rates required to change plans|Moderate decrease (between 100 and 200 bps)"><v s="CSCE_2024Q3_C8_S1">32</v></o>
<o k="Decrease in rates required to change plans|Significant decrease (more than 200 bps)"><v s="CSCE_2024Q3_C8_S1">58</v></o>
</observations>
</data>