Millennials are ditching condos for detached homes

1/7/2020 | Posted in Real Estate Market by Jessi Sandhu

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

Tags: Condo Living, Condos, Detached Homes, Millenials

Owning a home is a pipedream for many Canadian millennials

12/13/2019 | Posted in Home Buyers by Jessi Sandhu

Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey. ... More

Tags: Canadian Real Estate Market Outlook, First Time Home Buyers, Home Buyers, Home Ownership, Millenials

23% of millennials justify lying on a mortgage application

9/16/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More

Tags: Canadian Mortgage Market, Millenials, Mortgage Consumers, Mortgage Market

Millennials are buying recreational property rather than a main home

6/7/2019 | Posted in Recreational Properties by Jessi Sandhu

Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can afford. ... More

Tags: Millenials, Recreational Real Estate, Vacation Properties

CMHC's Siddall Warns Homeownership 'Party' Coming to an End

5/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu

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 as a ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, First Time Home Buyer Incentive, First Time Home Buyers, Household Debt, Housing Supply, Millenials

30-year insured mortgages could make a comeback

2/7/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

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 now, ... More

Tags: Canada Real Estate, Canadian Housing Market, First Time Home Buyers, Millenials, Mortgages & Real Estate

Unprepared market due for shock

5/23/2018 | Posted in Home Buyers by Jessi Sandhu

A study out of Ryerson University warns of a severe housing shortage in the near future. ... More

Tags: Greater Golden Horseshoe, GTA Real Estate Market, Hamilton, Home Buyers, Housing Affordability, Millenials

Millennials driving Canada's hot real estate market

5/9/2018 | Posted in Canadian Housing Market by Jessi Sandhu

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

Tags: Canada Real Estate, Canadian Housing Market, First Time Home Buyers, Home Owners, Home Ownership, Millenials

OSFI stress test has cut millennial purchasing power by $40K

4/30/2018 | Posted in First Time Home Buyers by Jessi Sandhu

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

Tags: Canada, Canadian Housing Market, First Time Home Buyers, Millenials, Mortgages & Real Estate, OSFI, Stress Test

Millennials to lead the charge in a future surge of home purchases

4/5/2018 | Posted in Home Buyers by Jessi Sandhu

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

Tags: Canada Real Estate, Canadian Housing Market, First Time Home Buyers, Home Buyers, Millenials, OSFI

Canada Housing Market Faces A Decade Of Stagnation: BMO

3/25/2018 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

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

Tags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Millenials

The truth behind GTA home prices

8/21/2017 | Posted in GTA Real Estate by Jessi Sandhu

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. ... More

Tags: Greater Golden Horseshoe, GTA, GTA News, GTA Real Estate Market, Home Buyers, Millenials, Mortgages & Real Estate

Homebuyers willing to sacrifice indoor space for outdoors

8/17/2017 | Posted in Home Buyers by Jessi Sandhu

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. ... More

Tags: Home Buyers, Millenials

Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

8/17/2017 | Posted in Real Estate Market by Jessi Sandhu

'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

Tags: Canada Real Estate, Canadian Housing Market, Home Buyers, Millenials, Real Estate Trends, Statistics Canada

Young Canadians still bullish on housing

6/13/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

Millenials are confident in their financial future and in the housing market, according to a new study. ... More

Tags: Economic Growth, Housing, Millenials, Personal Finance

Buyer's remorse: Most millennial homeowners are house poor and want to sell

4/24/2017 | Posted in Home Buyers by Jessi Sandhu

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. ... More

Tags: First Time Home Buyers, Home Buyers, Home Owners, Millenials

Millennials are buying homes but many have parental help: survey

3/3/2017 | Posted in Home Buyers by Jessi Sandhu

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

Tags: First Time Home Buyers, GTA News, Home Buyers, Millenials

Toronto housing supply not keeping pace with millennial demand

11/9/2016 | Posted in Toronto Real Estate by Jessi Sandhu

While 75 per cent of millennials intend to purchase real estate in the GTA, not enough lowrise homes are being built. ... More

Tags: First Time Home Buyers, GTA Real Estate Market, Home Buyers, Millenials, Real Estate, Real Estate Market, Real Estate News, Real Estate Trends, Toronto, Toronto Housing, Toronto Real Estate, Toronto Residential

Young professionals struggle to rent in 'crazy' real estate markets

10/15/2016 | Posted in Real Estate Market by Jessi Sandhu

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

Tags: Condo Rental, Home Rental, Millenials, Property Rental, Real Estate, Rental Market, Rentals, Toronto, Vancouver

Millennials set on finding their perfect 'YOLOcation', despite steep city home prices: TD

9/21/2016 | Posted in Home Buyers by Jessi Sandhu

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 they ... More

Tags: First Time Home Buyers, Home Buyers, Housing, Millenials, Mortgages & Real Estate

Bank of mom, dad vital for millennial first-time buyers

6/14/2016 | Posted in First Time Home Buyers by Jessi Sandhu

Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto. ... More

Tags: First Time Home Buyers, Millenials, Toronto, Vancouver

Sustained price appreciation in Vancouver and Toronto revitalizing surrounding areas according to new RE/MAX report

4/21/2016 | Posted in Real Estate Market by Jessi Sandhu

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 quarter ... More

Tags: Canadian Housing Market, Home Buyers, House Prices, Millenials, Real Estate Market, Toronto, Vancouver

Millennials amenable to suburban living: study

4/8/2016 | Posted in Home Buyers by Jessi Sandhu

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 that ... More

Tags: Canadian Housing Market, Home Buyers, Millenials, Moving, Suburbs

Millennials a force to be reckoned with in real estate market

1/7/2016 | Posted in Real Estate Market by Jessi Sandhu

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

Tags: Millenials, Real Estate Market