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Barry Gollom, vice president of mortgages and lending at CIBC, says it's a myth that millennials don't want to own their own home.
TORONTO - Take off the rose-coloured glasses, Generation X and Generation Y.That's the message from the Bank of Montreal Wealth Institute, which says young adults and teens may be overly confident abo...
Today's twentysomethings are feeling pinched, trying to earn meaningful pay cheques to put toward a mortgage, but the Canadian government has made it even tougher by tightening lending rules to keep a leash on the housing market. Combine this with a decade-long rise in house prices across Canada, it's no surprise Gen Y is feeling down about buying their first home.
A large majority of Canadians in the so-called Y generation are worried that affordability will hamper their desire to own a home in their lifetime, according to an online survey conducted for real es...
Homeownership has always been important to me, even at a young age. I spent my teens thinking about my future home and I spent my early 20s working towards it. I rationalized that I had to live somewhere. Why not pay myself rather than pay a landlord?
Sociologists couldn’t do better than Bram Warshafsky, 23, as a model for the attitude shift toward home ownership that they have long predicted for his generation. Raised in a four-bedroom house in an...