Unfortunately, there aren’t many great options, but experts say where there’s a will, there’s a way
That sum doesn’t factor in closing costs, which also need to be paid in cash, and typically amount to another few thousand dollars. Thebudgeting for another three to four per cent of your home’s price for that.
“There are so many things at work here that make it a challenge for young people today,” says Karram.shows that millennials in particular are struggling to build wealth and are facing different money challenges than previous generations. Although this cohort is still finding ways to enter the housing market, they’re also incurring more debt to achieve that milestone.This isn’t just an urban issue either.
How? He says moving further out from the city centre, and opting for smaller homes like townhouses or condos instead of single-family detached houses. There’s also the option of picking older homes that need work.
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