Millennials In Canada Want To Date Those With Similar Housing Interests

Millennials in Canada are resorting to dating apps for meeting the right match that have similar homeownership and financial goals. A recent survey from HSBC shared the results that 4 in 10 people find property and financial goals to be more important than looks when choosing potential dates.

The survey was part of a global poll which included more than 1000 Canadians. The results read that 61% of respondents feel uneasy about buying a property – So the results are more likely due to desperation in finding a partner who can share the costs of homeownership.

“Close to 70% of Canadians own their home but less than 30% do so without a mortgage. It’s good to be a little nervous about the biggest purchase you’ll likely ever make. But you shouldn’t be overwhelmed.” said Barry Golom, Senior Vice President of Retail Banking and Wealth Management Products and Propositions, HSBC Bank Canada.

The results also found that the majority of Millennials in Canada (62.8%) said financial considerations are the reason for their last move. The biggest source of stress was accepting money from parents for their purchase (14%), and the top two reasons for moving was to get more space for their money (25.5%) or a lower cost of living (23.4%).

One quarter of Canadian Millennials admit to checking the value for their property at least once per month, in comparison to the 8% of all Canadian adults (49%) who only check the value annually.

Are You A New Homeowner Looking To Invest In Property? Click On The Video Below For More Information On The First Time Home Buyer’s Program Funded By The Government Of Canada. Only 5-10% Down Payment Incentive, Interest Free-Mortgage!

Or Call Our Office Today For Any Questions!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

December Real Estate Newsletter – Sutton Realty Inc Brokerage

Sutton Realty Systems Inc. Brokerage – December Real Estate Newsletter

Home Buyers Get The Gift Of Choice: Inventory Up 110%

Home Buyers Become Home Browsers As Holidays Approach

Greater Toronto Area Realtors reported 7,374 transactions through November 2017. On a year-over-year basis, sales were down by 13.3% compared to November 2016. New listings entered in November amounted to 14,349, up by 37.2%, with total amount of active listings up to 18,197 compared to least year’s 8,639.

Toronto Region Home Prices Forecast To Rise 6.8% Next Year

The housing market was one of the key drivers of Canada’s economy in 2017. All provinces are forecast to grow their economies in 2018, but generally at a slower pace than in 2017 according to RBC.

How Many Airbnb Rentals Will Dissappear In Toronto’s Market?

It depends on who you ask. Renters looking for new palce will just have to wait until the new regulations come into effect on June 1st to see more inventory on the Toronto market. We’re predicting over 3,200 units will switch from Airbnb short-term to year-long tenancies, providing more stable rental inventory across Toronto.