Is Job Uncertainty Causing You To Delay A Major Purchase?

The price of houses in many Canadians cities made it difficult for first time buyers, particularly young people, to get into the market even before the coronavirus pandemic hit nearly a year ago.

COVID-19 isn’t just a health issue. With businesses of all kinds forced into lockdowns and laid off workers using government programs, scraping together a down payment became that much more onerous.

Even if saving for a down payment is well underway, the question is how willing are you to take the next step and make the financial commitment of actually getting into the market if your job security is uncertain?

Despite the increase in rounds played last year, there is still uncertainty, with case counts so high across Canada that they’re actually talking about curfews in some cities. Vaccines are going into arms across the country, but will it be enough to improve your job security by the time the golf season gets underway where you work?

Are you confident enough to commit to making a major purchase such as a home, or even an automobile or any other items that require considerable coin, or are you hanging back for now?

That’s the question in this week’s GNN Poll.

You can answer below or on the GNN home page and if you’d like to add a few thoughts on this subject, please use the Comments section below.

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About Ian Hutchinson

'Hutch' is a veteran Canadian golf writer, whose history in the game includes an extensive background with Canadian golf trade publications. Hutch is also a regular contributor to publications and websites in Canada and the United States.