<p class="p1">Are you between the ages of 18 and 34 and considering your first home purchase? Then you&#8217;re probably one of the almost 80% of millennials that are &#8220;optimistic&#8221; about your homeownership prospects.</p>
<p class="p1">According to a new survey, conducted by Leger for Re/Max, 78.% of Canadian millennials &#8220;agree that owning a home they love is attainable,&#8221; while 81.6% &#8220;agree that finding a good job in their field is attainable.&#8221;</p>
<p class="p1">This optimism is in stark contrast to the doom and gloom offered in the news regarding the ability of first-time homebuyers in being able to afford a home purchase, particularly in Toronto and Vancouver.</p>
<p class="p1"><span class="s1">This </span><span class="s1">optimism may have something to do with the expectation of family help in the home purchase. According to the survey </span><span class="s1">37% of millennials considering a home purchase expect help from their parents with the down payment. </span></p>
<p class="p1"><span class="s1">The survey also found that when asked about their financial priorities, 68.2% of millennials agree that saving for a down payment is a priority. At the same time, 78.4% agree that saving for retirement is a priority, suggesting that while Canadians aged 18 to 34 aspire to homeownership, they may be chasing this dream at the expense of other financial considerations.</span></p>
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