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Millennials Are The Engine Of The Real Estate Market According To Recent Study Commissioned By Genworth Canada
TORONTO, /CNW/ –
According to a national study conducted by Environics Research and commissioned by Genworth Canada, six in ten (59%) Millennials have already achieved their homeownership dreams. Among those who own their homes, three in ten (30%) Millennials bought their first home or a home that was not their first in the past two years, compared to just nine percent of older Canadians. And over the next two years, among non-owners another 30 percent of Millennials plan on making their first home purchase, making them the engine of the real estate market. The annual poll, conducted by Environics Research and completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS) from February 8 to March 27, 2018, asked 2,000 Canadians questions about their financial well-being, homeownership intentions and preparedness for the future.
According to a national study conducted by Environics Research and commissioned by Genworth Canada, six in ten (59%) Millennials have already achieved their homeownership dreams. Among those who own their homes, three in ten (30%) Millennials bought their first home or a home that was not their first in the past two years, compared to just nine percent of older Canadians. And over the next two years, among non-owners another 30 percent of Millennials plan on making their first home purchase, making them the engine of the real estate market. The annual poll, conducted by Environics Research and completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS) from February 8 to March 27, 2018, asked 2,000 Canadians questions about their financial well-being, homeownership intentions and preparedness for the future.
six in ten millennials have already achieved their homeownership dreams
![GNW_FFC-Study_Infographic_2018_EN](https://environics.ca/wp-content/uploads/2020/11/GNW_FFC-Study_Infographic_2018_EN.jpg)
![Homebuyers-Table](https://environics.ca/wp-content/uploads/2020/11/Homebuyers-Table.png)
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