How are millennials affording new homes and condos in the GTA?
With the Altus Group statistics released by BILD for May 2018 noting that the benchmark price for new single-family homes was $1,144,191 and for high-rise $758,370, one has to wonder how first-time buyers are making their way into the market.
Millennials want to buy single-family homes
Millennials may cause the next baby boom, and that means the Greater Toronto and Hamilton Area (GTHA) needs a boost in ground-oriented, single-family housing.
Stay tuned for more tips and news for first-time buyers!
If you’re a follower of the Newinhomes.com Blog, then you’re aware we frequently post tips and other content for first-time buyers. This month, you’ll see an influx of special features for those of you looking to buy your first home!
50% of millennials plan to buy a home in the next two years
According to a recent survey conducted by Ipsos for the Royal Bank of Canada (RBC), 32% of Canadians are likely to buy a home within the next two years. This percentage is 7 points higher than last year and the increase is thanks to millennials.
A millennial couple reflects on their first month of living together
Our Love theme last month got some attention, especially when we chatted with Lisa Kenny about living with her partner. So, we jumped at the opportunity to talk with another young couple about their living situation!
Every 20-something needs these 8 things in their bedroom
My bedroom is my sanctuary. Though I’m not quite sure why, I spend much more time in there now, then I did as a teen. In addition to sleeping, I go to my bedroom when it’s time to chill, study, and be creative.
5 ways millennial couples can prepare for homeownership
While millennials make up a large portion of potential homebuyers, high prices, mortgage rules, and many other factors make it extremely difficult for them to realize their dream of homeownership.
A millennial sounds off on the pros and cons of living with her partner
For our Love theme this month, I chatted with millennials who have recently moved in with their partners. Together, we discussed the inspiration behind their big step and the challenges that arose after the moving truck pulled away.
The GTA needs more family friendly condos
With millennials aging and baby boomers looking to downsize, it looks like Toronto needs more family friendly condos under development.
