Millennials don’t understand the true cost of buying a home Image

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. 

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Am I contributing to the housing supply shortage by not downsizing? Image

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. 

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You can expect condo sales in downtown Toronto to spike again Image

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. 

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Shared home ownership goals more important than looks when it comes to millennials dating Image

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.

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Nearly half of Canadian parents plan to help their kids buy a home Image

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.

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Ontario home prices need to drop more than $300,000 to be affordable for millennials Image

Ontario home prices need to drop more than $300,000 to be affordable for millennials

A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double

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Generation Z will soon have the most purchasing power Image

Generation Z will soon have the most purchasing power

It looks like millennials have officially taken over the City of Toronto, but they won’t hold their top position long as Generation Z is on the rise. 

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More than half of Canadian millennials considering buying a recreational property Image

More than half of Canadian millennials considering buying a recreational property

According to the 2019 RE/MAX Recreational Property Omnibus Survey, 56% of Canadian millennials are considering buying a recreational property. This is a 14% increase compared to last year. 

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How millennials influence homebuying patterns in the Greater Toronto Area Image

How millennials influence homebuying patterns in the Greater Toronto Area

A recent report from RE/MAX of Ontario-Atlantic Canada says that homebuying activity in the Greater Toronto Area has shifted to the west, but millennials may swing activity back to the east in the near future. 

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Only 18% of young Canadians putting off buying a home due to current debt load Image

Only 18% of young Canadians putting off buying a home due to current debt load

Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt. 

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