It is becoming increasingly difficult for the millennial generation (ages 25-to-34-years-old) to break into the Canadian real estate market.
Higher home prices, higher mortgage rates, increased interest rates, stress tests, and more are contributing to what some are calling a “millennial housing crisis.”
The Ontario Real Estate Association, the Ontario Home Builders’ Association, and the Federation of Rental-Housing Providers of Ontario are calling on the Province to make homeownership more attainable for the younger demographic.
We’re looking at what keeps millennials out of the housing market and how you can identify ways to help them break in over on the Purview blog. Read more: https://www.purview.ca/affordable-housing-for-millennials/