I was quoted in Canadian Real Estate Wealth Magazine providing insight into a report released by Royal Lepage on the large increase of Canadian buyers in the 25-35 year old age bracket.

This trend is likely a combination of low interest rates, extra accumulated savings during the lockdown, having movement outside the home restricted, and technology savviness which eliminates the need for a lot of in-person interaction.

“There’s been an uptick in the 25-35 year old buyer demographic because their savings have increased, they are taking advantage of low interest rates, and are seeing this as a great opportunity to transition from renting to buying,” said Mitch Parker, VP of sales and marketing at Hersh Condos, a brokerage specializing in pre-construction sales.

Click here to read the full article