High Home Prices a Growing Obstacle for First-Time Buyers - Mortgage Rates & Mortgage Broker News in Canada

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. “The road to homeownership isn’t always […]

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