The survey, which was conducted by MNP LTD and released today, also finds 52 per cent of Atlantic Canadians are worried about the potential impact that a decline in house prices might have on homeowners.
Among the other survey findings:
- Eighty percent of Atlantic Canadians rate their ability to cope with a one per cent interest rate increase as less than optimal;
- One quarter of Atlantic Canadians with a mortgage agree they are ‘in over their head’ with their current mortgage payments;
- More than one in three homeowners agree they will face financial difficulties if the value of their home goes down; and
- Six in ten Atlantic Canadians think there is a housing bubble in the region.