Bank of Canada Cuts Rates 0.50% - but Canadian's still dont want to buy homes!

The number of Canadians intending to buy a home is at the lowest level since 2002, according to RBC Royal Bank's annual homeownership survey released Tuesday.The survey results indicated that overall those who "planned to buy a home" within the next two years has declined five percentage points to 23%. The number "very likely" to buy a home has fallen from 9% in 2007 to 7% in 2008 -- the lowest level since the survey began 15 years ago.