1/7/2020 | Posted in Real Estate Market by Paul Solomons
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The dominance of the condo market in terms of price growth could soon end as millennials start to shift their preferences to established homes, according to a market survey ... More
12/13/2019 | Posted in Home Buyers by Paul Solomons
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.
... More 9/16/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.
... More 6/7/2019 | Posted in Recreational Properties by Paul Solomons
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Recreational homes are attracting strong interest from millennials but for many they are not second homes but the only ones they can afford.
... More 5/11/2019 | Posted in Canadian Housing Market by Paul Solomons
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More
2/7/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More
5/23/2018 | Posted in Home Buyers by Paul Solomons
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A study out of Ryerson University warns of a severe housing shortage in the near future.
... More 5/9/2018 | Posted in Canadian Housing Market by Paul Solomons
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More
4/30/2018 | Posted in First Time Home Buyers by Paul Solomons
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More
4/5/2018 | Posted in Home Buyers by Paul Solomons
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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More
3/25/2018 | Posted in Canadian Housing Market Predictions by Paul Solomons
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Canada's housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of ... More
8/21/2017 | Posted in GTA Real Estate by Paul Solomons
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Cause and effect; supply and demand – the reasons for record-high new home prices in the GTA are a matter of government actions and simple economics.
... More 8/17/2017 | Posted in Home Buyers by Paul Solomons
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Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.
... More 8/17/2017 | Posted in Real Estate Market by Paul Solomons
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'Peak Millennials' (aged 25 to 30) to create strong wave of demand. National survey shows while the peak millennial dream to own property is very strong, ... More
6/13/2017 | Posted in Mortgages and Real Estate by Paul Solomons
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Millenials are confident in their financial future and in the housing market, according to a new study.
... More 4/24/2017 | Posted in Home Buyers by Paul Solomons
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Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.
... More 3/3/2017 | Posted in Home Buyers by Paul Solomons
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While slightly more than a third of Canadian millennials now own a home, nearly two-fifths of them had help from parents to get into the housing market, says a new global study ... More
11/9/2016 | Posted in Toronto Real Estate by Paul Solomons
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While 75 per cent of millennials intend to purchase real estate in the GTA, not enough lowrise homes are being built.
... More 10/15/2016 | Posted in Real Estate Market by Paul Solomons
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For many young professionals chasing the dream of home ownership, "I'll be renting forever" is a common lament as real estate prices in ... More
9/21/2016 | Posted in Home Buyers by Paul Solomons
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Millennials are applying the "you only live once" philosophy to their homebuying approach with nearly half of surveyed Millennials who commute (48 per cent) saying ... More
6/14/2016 | Posted in First Time Home Buyers by Paul Solomons
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Young Canadians are increasingly receiving help from their parents in order to become first-time buyers in Vancouver and Toronto.
... More 4/21/2016 | Posted in Real Estate Market by Paul Solomons
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Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver's average residential sale price in the first ... More
4/8/2016 | Posted in Home Buyers by Paul Solomons
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A survey conducted by the Toronto-based Altus Group last fall revealed that millennials are open to establishing dwellings in suburban areas, contrary to a common perception ... More
1/7/2016 | Posted in Real Estate Market by Paul Solomons
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With millennials comprising about 25 per cent of Canada’s population, this segment is poised to outstrip their baby boomer parents in the real estate market as they start ... More
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