E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. INTERNATIONAL

Canadian Millennials & Gen Z Plan To Buy Home In 5 Years

Canadian Millennials & Gen Z Plan To Buy Home In 5 Years

BY Realty Plus
Published - Wednesday, 30 Oct, 2024
Canadian Millennials & Gen Z Plan To Buy Home In 5 Years

A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.

Scotiabank’s 2024 housing poll says the number of Canadians between 18 and 34 who own a home has declined to 26 per cent from 47 per cent in 2021.

Around 29 per cent of people in that age group are now living with parents or family, up from around one fifth of those surveyed three years ago.But despite housing market challenges, the survey says 58 per cent of non-homeowners aged 18 to 43 in Canada are still determined to purchase a home within the next five years.

It says there is a “confidence gap” among young Canadians when it comes to the homebuying process, with 63 per cent of Gen Z and 54 per cent of millennials indicating they want clearer information and support from financial institutions. Over half of Canadians in that cohort say the current economic environment is negatively impacting their finances to the point they must delay their home-buying plans.

RELATED STORY VIEW MORE

London Sees 88% Drop In New Affordable Housing
US Renters Spending Entire Income On Rent
Sydney Home Prices Expected To Drop 5% In 2025

TOP STORY VIEW MORE

Retail as a Real Estate Anchor: Redefining Tier 2 Cities

Umang Jindal, Founder at Homeland Group talks about driving urban growth through commercial projects.

17 June, 2025

Debt Recovery In Stressed Realty Projects To Rise

17 June, 2025

Macrotech Developers rebrands as Lodha Developers 2

17 June, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website