Harder for Gen Y First-Time Home Buyers to Get Into Market?

Harder for Gen Y First-Time Home Buyers to Get Into Market?Andrew MacLeod is part of demographic that apparently is being priced out of Canada’s housing market, but that didn’t prevent the 34-year-old from finding a way to buy his first home. MacLeod and his wife, 33, overcame current economic hurdles such as high property prices, tighter lending conditions and shaky job markets to purchase their four-bedroom, two storey semi-detached house in Ottawa’s Lindenlea neighbourhood, which MacLeod cheekily describes as the…

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Home Sales Rise

Home Sales RiseCanadian home sales climbed in February after a soft January and price gains picked up speed, confirming the country‚Äôs housing market remains buoyant and a potential concern for bubble-wary policymakers. February existing home sales in Canada grew by 1.4% from a month earlier, Canadian Real Estate Association data showed on Thursday. Sales had fallen 4.5% in January from December. The industry group said sales were up 8.6% from a year…

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