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30 Mar

Many millennials still live with their parents. Mortgage Market Update March 29, 2017

General

Posted by: Anne Martin

Statistics Canada data from 2011 showed that 42.3% of adults lived in their parent’s home.  In metro centres, this increases.  In Toronto, 56.3% live in with their parents.  These numbers are expected to be much higher once the 2016 census data is available.  Do you want some strategies on how to help millennials move out?

  Click here to find out how. 

Best rates are as low as 2.59% for a 5 year fixed, variable rate prime minus .70%
*OAC  **conditions apply

This is a critical time to sit down and review your household financing needs. Please do not hesitate to contact me should you have any questions.

If you are in the market for a home, or need to refinance in the next year, it is really important to make an appointment today to find out how these changes may affect you.

**rates subject to change with market conditions – E. & O. E.

For more rate information click here.