Roughly a third of Canadian first-time homebuyers have needed help from a family member to finance their entry into the housing market, new polling suggests.

  • StillPaisleyCat@startrek.website
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    1 year ago

    I agree, this has been a long time coming, it would be great if we could see a 50 year trend on this.

    In the 90s, GenX in Canada felt that ‘ the bank of mummy and daddy’ was the only way most people could afford home ownership. Intergenerational inequality was a hot topic.

    The booming market and low minimum down payments in the 2000s seemed to turn it around, but it wasn’t sustainable.