Generation X Remains Largest Consumer Group Turning to Private Lenders
When looking at demographic trends for private mortgages over the last two and a half years, Generation X (39 – 53 years old in 2018) has remained the largest group of consumers who turn to private lenders.
42% of all private mortgage transactions and 43% of the all private mortgage funds are provided to Gen X.
In comparison to the market as a whole, Gen X represents 43% of all mortgage transactions and 48% of all mortgage value.
Want more demographic real estate data? Download the October 2018 Teranet Market Insights Report. Get your copy here: https://www.teranet.ca/wp-content/uploads/2018/10/Market-Insight-Report_Oct-2.pdf