Younger home buyers compromising to get into the market earlier: survey
BNN Bloomberg
A new survey finds that younger first-time homebuyers are making trade-offs and purchasing earlier to navigate Canada’s housing market.
Houseful, an RBC company, released the results of its First-Time Homebuyer Trade-Off Survey on Thursday, highlighting that first-time buyers under the age of 30 are purchasing sooner than expected. Those younger buyers can enter the market sooner by making larger compromises that they might have otherwise seen as deal-breakers.
"Home ownership is the beginning of generational wealth creation," Karen Starns, the CEO of Houseful, said in a press release.
"Many younger first-time homebuyers recognize that home ownership is a life-long pursuit, and an early start to the journey can deliver exponential long-term value to support future goals."
