VOCM – NL’s Low Housing Market Good News for First Time Home Buyers, says Generation Squeeze

The number of first-time buyers increased by nearly a fifth in the first six months of 2013 according to figures from mortgage lender Halifax. 120,000 people bought their first home between January and the end of June. This is the highest number since the first six months of 2007 when there were 181,500 first-time buyers.


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Lean on Me: Majority of Canadians Will Look to Friends and Family for Assistance When Buying a Home, Finds BMO’s First-Time Homebuyer’s Report . Nearly half of first-time homebuyers see the housing market as affordable but require assistance to get their foot in door 30 per cent of Canadians are.

"At the same time, however, high demand and the slow pace of supply in this sector of the market has driven the average home price up by 11%, which means that the actual amount of cash required as a deposit has gone up by almost 6%, and we have seen the percentage of home loan applications coming from first-time buyers shrink from 47.5% to 46.

In the news today, June 17 Four stories in the news for Monday, June 17 — TORONTO SET TO MARK RAPTORS’ WIN WITH PARADE. Throngs of fans are expected to line the streets of Toronto today as the city celebrates its first major professional sports championship in more than a quarter century.

Great News For Today’s Housing Market!!. It’s a good time to be in the real estate business. And NAR says that Realtors have a lot to be thankful for this holiday season:. the next generation of home buyers and sellers can expect the same level of expertise Realty Executives has long been.

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Finally, buyer perception is critical in the housing market. If home buyers don’t think it’s time to buy a house, it’s a problem that stunts demand. According to a University of Michigan survey, in May 2017, U.S. consumers who believed that selling a home was a better idea than buying a home outnumbered those who thought the opposite.