Young families in Canada’s big cities believe houses and condos will be a good investment over the next five years, and they are sacrificing their privacy, time and small pleasures to buy them, according to a report by Sotheby’s International Realty Canada. The study is based on a survey of 1,743 families headed by adults aged 20 to 45. A new study found that young families in Canada are delaying both retirement savings and paying off credit card and student debt in order to afford homes. It’s why so many young adults end up moving back in with parents. “We’re seeing a decline in the percentage of young people able to purchase homes versus previous generations,” he said.

Source: thestar February 13, 2019 12:00 UTC