31 August 2018

The largest number of those who want to buy a house was seen in the Greater Vancouver Area (51%). In case of the GTA, the number reached 42%.

“Although the prospects of homeownership could seem scary, Generation Z shouldn’t give up,” – says Christopher Alexander, Regional Director, RE/MAX INTEGRA. “It’s extremely important for financial institutions and real estate professionals to educate this generation and reach them with the help of social media and online”.

Mortgage specialists and real estate professionals need to become reliable advisors for them through educating the next generation of buyers.

The survey says about half of Gen Z groups in British Columbia (50%) and Ontario (45%) have only limited knowledge of the real estate market, but they would like to learn more about it.