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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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[–] 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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