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A quarter of first-time buyers getting help to pay their mortgage, survey finds (globalnews.ca)
submitted 3 years ago by to c/canada@lemmy.ca
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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.

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[–] 4 points 3 years ago (1 child)

I want to believe that this unsustainable behaviour will have to end, so house prices can fall, but that has been my hope for years.

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  • [–] 3 points 3 years 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.

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