Urban Analytics Principal Michael Ferreira manages Metro Vancouver’s most comprehensive and independent new home research firm. As the publisher of The New Home Source, a quarterly publication that provides detail and analysis on all active and planned new multi-family projects throughout Metro Vancouver, Ferreira has an objective and wide ranging knowledge about the local real estate market.
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.
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