millenials News and Articles | My Blog
Millennials are ditching condos for detached homes
1/7/2020 | Posted in Real Estate Market by Paul DeAdder
The dominance of the condo market in terms of price growth could soon end as millennials start to shift their preferences to established homes, according to a market survey ... More
Owning a home is a pipedream for many Canadian millennials
12/13/2019 | Posted in Home Buyers by Paul DeAdder
Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.
... More23% of millennials justify lying on a mortgage application
9/16/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.
... MoreMillennials are buying recreational property rather than a main home
6/7/2019 | Posted in Recreational Properties by Paul DeAdder
Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can afford.
... MoreCMHC's Siddall Warns Homeownership 'Party' Coming to an End
5/11/2019 | Posted in Canadian Housing Market by Paul DeAdder
The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More
30-year insured mortgages could make a comeback
2/7/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More
Unprepared market due for shock
5/23/2018 | Posted in Home Buyers by Paul DeAdder
A study out of Ryerson University warns of a severe housing shortage in the near future.
... MoreMillennials driving Canada's hot real estate market
5/9/2018 | Posted in Canadian Housing Market by Paul DeAdder
Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More
OSFI stress test has cut millennial purchasing power by $40K
4/30/2018 | Posted in First Time Home Buyers by Paul DeAdder
The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More
Millennials to lead the charge in a future surge of home purchases
4/5/2018 | Posted in Home Buyers by Paul DeAdder
The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More
Canada Housing Market Faces A Decade Of Stagnation: BMO
3/25/2018 | Posted in Canadian Housing Market Predictions by Paul DeAdder
Canada's housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of ... More
The truth behind GTA home prices
8/21/2017 | Posted in GTA Real Estate by Paul DeAdder
Cause and effect; supply and demand – the reasons for record-high new home prices in the GTA are a matter of government actions and simple economics.
... MoreHomebuyers willing to sacrifice indoor space for outdoors
8/17/2017 | Posted in Home Buyers by Paul DeAdder
Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.
... More8/17/2017 | Posted in Real Estate Market by Paul DeAdder
'Peak Millennials' (aged 25 to 30) to create strong wave of demand. National survey shows while the peak millennial dream to own property is very strong, ... More
Young Canadians still bullish on housing
6/13/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Millenials are confident in their financial future and in the housing market, according to a new study.
... MoreBuyer's remorse: Most millennial homeowners are house poor and want to sell
4/24/2017 | Posted in Home Buyers by Paul DeAdder
Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.
... MoreMillennials are buying homes but many have parental help: survey
3/3/2017 | Posted in Home Buyers by Paul DeAdder
While slightly more than a third of Canadian millennials now own a home, nearly two-fifths of them had help from parents to get into the housing market, says a new global study ... More
Toronto housing supply not keeping pace with millennial demand
11/9/2016 | Posted in Toronto Real Estate by Paul DeAdder
While 75 per cent of millennials intend to purchase real estate in the GTA, not enough lowrise homes are being built.
... MoreYoung professionals struggle to rent in 'crazy' real estate markets
10/15/2016 | Posted in Real Estate Market by Paul DeAdder
For many young professionals chasing the dream of home ownership, "I'll be renting forever" is a common lament as real estate prices in ... More
Millennials set on finding their perfect 'YOLOcation', despite steep city home prices: TD
9/21/2016 | Posted in Home Buyers by Paul DeAdder
Millennials are applying the "you only live once" philosophy to their homebuying approach with nearly half of surveyed Millennials who commute (48 per cent) saying ... More
Bank of mom, dad vital for millennial first-time buyers
6/14/2016 | Posted in First Time Home Buyers by Paul DeAdder
Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.
... More4/21/2016 | Posted in Real Estate Market by Paul DeAdder
Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver's average residential sale price in the first ... More
Millennials amenable to suburban living: study
4/8/2016 | Posted in Home Buyers by Paul DeAdder
A survey conducted by the Toronto-based Altus Group last fall revealed that millennials are open to establishing dwellings in suburban areas, contrary to a common perception ... More
Millennials a force to be reckoned with in real estate market
1/7/2016 | Posted in Real Estate Market by Paul DeAdder
With millennials comprising about 25 per cent of Canada’s population, this segment is poised to outstrip their baby boomer parents in the real estate market as they start ... More
