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HomeNews25% of millennials believe they will never own a home: Royal LePage

25% of millennials believe they will never own a home: Royal LePage

A new survey commissioned by Royal LePage says 25% of millennials in Canada believe they will never own a home.

More than 2-thousand Canadians between 26 and 41 were polled.

The survey also suggests 68% of millennials who don’t own a home say one is important to them.

This number goes higher in major cities, up to as high as 79% in those surveyed in Vancouver, Calgary, Toronto, and Montreal.

The sky-high cost of housing has dropped over the last few months as the central bank increases interest rates.

-With files from the Vista news wire

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