Millennials “unprepared” for down payment costs, survey suggests

A survey of more than 9,000 potential homebuyers found that those between the ages of 25 and 38 were “unrealistic” about how long it would take to raise the down payment

Millennials “unprepared” for down payment costs, survey suggestsThe majority of millennials underestimate the time and cost of getting their foot in the housing market door, a recent study from the real estate company Point2Home suggests. Property values, and by association, down payment costs, vary drastically across the country. But a nationwide survey of more than 9,000 potential homebuyers found that prospective buyers…

Here’s how sad grads can adapt to the modern job market

Don’t ask them for a job. Ask them if they have any projects or problems that someone with your abilities could help them with on a contract basis

Here’s how sad grads can adapt to the modern job marketWe’ve all heard of them, probably met them and maybe even live with one or two: the sad grads. These are the young people who did everything expected of them. They did their high school homework and matriculated with good grades. They put together a resume of part-time work, community work and references almost before…

Why young Canadians can’t afford to buy a home

Urban fringe land-use restrictions deny the supply of houses that people prefer, at prices they can afford

Why young Canadians can’t afford to buy a homeCanada’s middle-income housing affordability crisis is drawing considerable attention, with good reason. Families are being squeezed out of the market and the situation is only going to worsen. Frontier Centre publications, such as the Demographia International Housing Affordability Survey and its policy report, Canada’s Middle-Income Housing Affordability Crisis, have played a major role in this…

The hard truth about soft economic policy

You don't have to be an economist to know that rising interest rates will hurt a lot of Canadians but especially young families

The hard truth about soft economic policyOver the past few months, the Bank of Canada has faced a terrible dilemma: keep interest rates low or raise them to combat potential inflation. It seems the decision has been made – on July 12, the bank raised interest rates for the first time since the 2008 financial crisis. If this is the start…