With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market

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Real Estate Market News

Tarion,Survey Respondents

8% of new home buyers are born between 1996 and 2012, up from 3% a year ago

The estimated number of Ontarians likely to consider a new or pre-construction home has fallen from 750,000 people in 2023 to just 500,000 now, according to the second annual“This shift in homebuyer mindset is striking,” David MacDonald, group vice-president of financial services at Environics Research, which conducted the Tarion survey,.

The survey said 93 per cent of respondents who are considering a home are looking at a home built within the past five years, as 52 per cent of them believe a home of this age gives them peace of mind. High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the financial system, Mark Zandi said.Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

 

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