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Why Millennials Are Increasingly Becoming First-Time Homebuyers
Posted by Infinity Admin on
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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