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Tag Archives: Homeownership

Millennial, Gen Z Canadians Homeownership

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Many millennial, Gen Z Canadians need help with homeownership Manulife Bank president and CEO discusses survey findings, strategies to address affordability challenges For years, high housing prices have made homeownership a distant and practically unreachable dream for many Canadians. And according to a new survey from Manulife Bank, which polled around 2,000 adult Canadians, the challenges [&hellip…

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First-time homebuyers see new opportunities, challenges in pandemic economy

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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers. New buyers are seeing condo prices come within reach in downtown areas awash with vacant high rises. But young families are also being priced out of starter homes in suburbs [&hellip…

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“Uh oh, we’ve got to renew”

With Canada crashing headlong into what could be another destabilizing run-in with COVID-19, the economic uncertainty of April and May is returning full-bore to the Canadian marketplace. It’s disturbing news for homeowners, particularly those nearing the end of their mortgage deferral periods. If the unthinkable happens, and these borrowers lose both their income and their [&hellip…

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