High Home Prices a Growing Obstacle for First-Time Buyers
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.
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/