Demand for detached homes growing as more millennials start families
As peak millennials find themselves in their 30s, it’s possible that there will be even more stress on the single-family housing market in 2020, according to a recent report by Royal LePage.
Nearly half of Canadian millennials believe homeownership is a ‘pipedream’
Though millennials may be the most educated and making a decent amount of money, homeownership still seems like a “pipedream” to many of them, according to the results of a new poll commissioned by KPMG.
A shocking number of Canadians worry that they’ll never be debt free
Nearly all Canadians believe the average household is in too much debt, and it looks like everyone is right. The results of the Manulife Bank Debt Survey shows that 40% of indebted Canadians do not expect to escape their debt in their lifetimes.
Workspace at home may become essential as baby boomers downsize
A recent survey from RBC Royal Bank found that 42% of small business owners in Canada are baby boomers and 24% are millennials. And who are the largest groups of homebuyers in the country? Boomers and millennials.
Millennials don’t understand the true cost of buying a home
Canadian millennials may be confident in the housing market, and even in their ability to afford a mortgage, but there’s a good chance many of them don’t understand the cost of buying a home.
Am I contributing to the housing supply shortage by not downsizing?
Will aging baby boomers really prevent millennials from moving up and buying single-family homes in Toronto? A new report from the Canada Mortgage and Housing Corporation suggests this will happen.
You can expect condo sales in downtown Toronto to spike again
A recent report found that condo buyers are extending their home search to the outskirts of the Greater Toronto Area, likely in search of relatively affordable prices and more square footage for their dollar. I don’t think this trend will last long.
Shared home ownership goals more important than looks when it comes to millennials dating
According to a new global survey by HSBC Bank of Canada, 61% of Canadian millennials feel anxious about buying a property, compared to just 20% of baby boomers.
Nearly half of Canadian parents plan to help their kids buy a home
The Housing Affordability Survey, a Leger poll of more than 1,500 Canadians, commissioned by FP Canada, discovered that 48% of parents with children under 18 years of age intend to assist with the purchase of a first home.
