Mortgage News
Gen Y is redefining home ownership
Those born between 1977 and 1994, commonly referred to as "Millenials" or "Generation Y" are redefining home ownership with a move toward condo living.
Published
Millenials, the name commonly given to those born between 1977 and 1994 are among the newest crop of first time homebuyers. With different spending and saving habits, different debt patterns and different expectations for home ownership, Millenials, representing approximately 27% of the Canadian population are leading the charge toward condo living.
This article from the Globe and Mail provides interviews with Millenials from different areas of Canada and their views on what home ownership means to them.