{"id":8770,"date":"2018-04-13T10:10:08","date_gmt":"2018-04-13T17:10:08","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8770"},"modified":"2018-04-09T09:49:11","modified_gmt":"2018-04-09T16:49:11","slug":"millennials-interest-in-home-ownership-intensifies","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/","title":{"rendered":"Millennials&#8217; Interest in Home Ownership Intensifies"},"content":{"rendered":"<p style=\"text-align: justify;\">The results of a recent study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last year), with millennials comprising a clear majority of this purchase-intention cohort.<\/p>\n<p style=\"text-align: justify;\">The annual RBC Home Ownership Poll found that 50% of millennials (those aged 18 to 34) expressed the strongest desire to buy homes in the near future. RBC pointed at resurging confidence in the economy and employment as the main motivators for boosted home purchase intentions among Canadians.<\/p>\n<p style=\"text-align: justify;\">With the increased fiscal pressure brought about by the latest Stress Test Guidelines issued by the Office of the Superintendent of Financial Institutions (OSFI) for uninsured mortgages, 55% of respondents indicated that the revised rules are affecting their purchase decisions. These include making higher down payments (25%), delaying home purchases (19%) or buying a less expensive, smaller home or a less expensive one in a different location (18% each).<\/p>\n<p style=\"text-align: justify;\">\u201cCanadians continue to feel optimistic about getting into the housing market despite changes in government regulations. They\u2019re taking a more informed journey to home ownership by starting with affordability,\u201d according to Nicole Wells, vice president for Home Equity Financing, RBC.<\/p>\n<p style=\"text-align: justify;\">\u201cWith the right tools and a detailed roadmap that navigates the journey, Canadians are better prepared to make one of the biggest decisions \u2013 and it\u2019s based on facts, not emotions.\u201d<\/p>\n<p style=\"text-align: justify;\">84% of millennials expressed confidence in purchasing a home as a \u201cvery good or good investment\u201d, compared to 79% in 2017. Millennials are also feeling less anxiety about employment (36% vs. 47% in 2017) and less uncertainty about the economy (19% vs. 28% in 2017).<\/p>\n<p style=\"text-align: justify;\">Furthermore, 35% of Canadians indicated in the poll that they had received, or would be receiving, financial assistance from their families for their down payments. Meanwhile, 36% are planning to do it on their own with a dedicated savings account.<\/p>\n<p style=\"text-align: justify;\">On the other hand, 61% are very or somewhat concerned about interest rate increases, going up by almost 10% from last year. 35% are thinking about buying a home sooner because of current low interest rates, while another 32% were also thinking of doing so because of a potential increase in interest rates.<\/p>\n<p><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/millennials-interest-in-home-ownership-intensifies-240606.aspx\" target=\"_blank\" rel=\"noopener\">Millennials&#8217; Interest in Home Ownership Intensifies<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of a recent study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8770","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennials&#039; Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Millennials&#039; Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The results of a recent study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Millennials&#8217; Interest in Home Ownership Intensifies\",\"datePublished\":\"2018-04-13T17:10:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/\"},\"wordCount\":367,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/\",\"name\":\"Millennials' Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-04-13T17:10:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/millennials-interest-in-home-ownership-intensifies\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Millennials&#8217; Interest in Home Ownership Intensifies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Millennials' Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/","twitter_card":"summary_large_image","twitter_title":"Millennials' Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The results of a recent study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Millennials&#8217; Interest in Home Ownership Intensifies","datePublished":"2018-04-13T17:10:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/"},"wordCount":367,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/","name":"Millennials' Interest in Home Ownership Intensifies &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-04-13T17:10:08+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/millennials-interest-in-home-ownership-intensifies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Millennials&#8217; Interest in Home Ownership Intensifies"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=8770"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8770\/revisions"}],"predecessor-version":[{"id":8771,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8770\/revisions\/8771"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=8770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=8770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=8770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}