High Home Prices a Growing Obstacle for First-Time Buyers

Author: ExternaL AuthorR | | Categories: Mortgage Agent , Mortgage Broker , Mortgage For Purchase

millennials-struggle-with-homeownership

The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership altogether.

More than a third (36%) of non-homeowners under 40 believe they will never own a home, while 62% of Canadians believe a majority of people are being priced out of owning a home for the next decade, according to a recent poll from RBC.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  April 19, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/04/high-home-prices-a-growing-obstacle-for-first-time-buyers/



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