this post was submitted on 23 Jun 2023
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A quarter of first-time buyers getting help to pay their mortgage, survey finds (globalnews.ca)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
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Roughly a third of Canadian first-time homebuyers have needed help from a family member to finance their entry into the housing market, new polling suggests.

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[–] Grennum@sh.itjust.works 2 points 1 year ago (2 children)

This article is useless without historical trends. Based on my personal experience, people have gotten help buying their first house since my parents(and in-laws) did it 40 years ago. Now how much help, and at what age seem to have changed but just the idea that people get help with their first home doesn't seem like a new concept.

[–] sbv@sh.itjust.works 3 points 1 year ago

Agreed. I think the interesting bit is the help with monthly payments.

[–] sik0fewl@kbin.social 1 points 1 year ago

Ya, that's a fair point. Maybe this is just a return to the norm?