Found 2 blog entries tagged as Millennials.

As more and more millennials enter the housing market, they face challenges that their predecessors never had to encounter. With student loan debt rising and home prices increasing, the path to homeownership is becoming increasingly difficult for this demographic. This article will delve into some of the challenges millennials face when buying a home and provide tips on navigating the tough real estate market.

Challenge #1: Affordability

One of the biggest obstacles millennials face when buying a home is affordability. With home prices rising and many millennials still dealing with student loan debt, saving for a down payment can be daunting. To tackle the issue of high housing costs, millennials could explore buying homes in emerging…

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As the real estate market continues to evolve, one trend that has emerged in recent years is the increasing number of millennials becoming first-time homebuyers. According to data from the Canadian Real Estate Association (CREA), mortgage-related searches by millennials have been on the rise, indicating that younger buyers are not only preparing to buy homes, but are actually making purchases. In this blog post, we'll explore some of the reasons why millennials are increasingly becoming first-time homebuyers.

Affordability

One of the primary reasons why millennials are entering the housing market is affordability. Despite high home prices in many areas, low mortgage rates have made it easier for younger buyers to enter the market. In…

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