The Peter Pan generation who have delayed everything from having children to getting married think buying a home is a good investment.

There is an assumption that Millennials don’t understand the value of owning a home just because their rites of passages to adulthood have been delayed.

After many of these young adults finished their higher education and tried to find a job there were none to be found. At least not a job with a salary that would allow them to pay back their student loans, pay rent and save for a home.

So they stayed with the parents for awhile longer. This also means that were more likely to delay getting married and having children. Millenials aren’t worse than their Gex X and Baby Boomer predecessors but they do have different buying habits.

• 14%  think they will buy a home in the next two years (which means they are in down payment saving mode)
• 76% think owning a home makes more sense than renting
• 73% think that owning a home is a good investment
• 61% would describe the economy as good
• 39% feel that the Real Estate Market in Ontario will get stronger next year
• 48% of believe that the Real Estate Market will look better in the next 10 years

Whether you are a Baby Boomer, Gen X or Y and you are ready to sell or buy, give John and Christie a call at 1-800-367-2037  to talk about what your options area in the Barrie and Area Real Estate Market.