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Gen Z adults divided on possibility of owning single-family homes
Posted by Teri-Lynn Jones on
Photo: Spiroview Inc. / Adobe Stock
Canada’s youngest generation of potential homebuyers say they are pretty optimistic about owning a home at some point in their life, but others have moved on from the prospects of ever possessing a single-family property.
According to a new report released today by Sotheby’s International Realty Canada, 75 per cent of Generation Z urban adults (those born between 1993 and 2011) are likely to buy and own a primary residence in their lifetime. A little under half (49 per cent) of respondents said that they “very likely” to do so, with 11 per cent stating that they already own a home.
The report, which was conducted by Mustel Group, surveyed 1,502 Gen Z Canadians who are located in the Vancouver, Calgary,…
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