This is how young people are buying homes nowadays (and it's kind of brilliant)

Meredith is joined by Real Estate expert Gillian Oxley to chat about how younger people are buying their first homes without help from their parents.
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[@mrbee15]

Don’t call real estate agents experts. They have a financially vested interest in prices going up. This should be disclosed.

[@chrisxavier3147]

Single people under 40 don’t have a chance, even rent is tough enough

[@Prof_Potato]

Co-ownership, unless with a spouse,is a terrible idea

[@bonbonvegabon]

Maybe for you. MYOB

[@RileyBreckon]

This is so sad. My advice for young people would be move to a different country 😂

[@Doug-zl8nb]

The only strategy that I see is put the government in jail

[@Chris-ui9ij]

I would prefer to trial them for treason. They have destroyed this country

[@pacman3556]

- Need to live with parents or parents need to live with you
- rent to own instead of just outright buying
- live with friends and pool money with friends
etc etc
Yeah....all good signs of a great economy.
Maybe
- pay better wages
- fix inflation
- supply more housing
etc etc etc.

[@shanerob681]

This was not useful at all and outdated. You would need more than one other person to come together to buy a house in Toronto and most neighbouring cities. Even a one bedroom condo is upwards of $700k.
Also, even if you can somehow manage to make that happen, most people will have a big mortgage and renting out these days is a huge risk. If that tenant decides to stop paying and refuses to move, you are still responsible for paying your mortgage on time and then have to fight with no end in sight to evict that tenant.
Even if you get lucky and find a good tenant, you can only ask people to pay what is reasonable and might likely end up stretched financially to pay all your bills.
Also, it’s not just “the kids” who can no longer afford to buy a home and can barely afford rent. If you find yourself suddenly divorced and having to move, you will have a difficult time finding a home that is affordable on one income.

[@bonbonvegabon]

lol wrong. YOu get a lawyer to draw up a contract stating how much each tenant owns freedumber

[@day1971]

As long as realtor makes commission. Keep through people under the bus. This will end in tears.

[@CaptainThrilla]

This realtor is out of touch lol

[@ericmyers3561]

*an idiot

[@BeStrong4ever]

Things are scary as hell. Parents in their 50s are losing their jobs due to downsizing , or divorcing, their kids are therefore on unstable ground. Bank of Mom and Dad is shaky or closed.

[@-X-Pixel-X-]

just finding ways to cope with the governments mistakes (both Liberal and Conservative governments got us here) Canada has become a terrible place to live. disgusted.

[@donlahaye1340]

Things aren’t great but it’s still better than most places on earth

[@michaelgaudin2989]

wow are these people are so out of touch

[@scott70]

Are there any skinny women in Toronto ?

[@bonbonvegabon]

Only on liberal news, all con media they all look like this

[@calgary2800]

Did she say 2300? That's not much in CC debt

[@bonbonvegabon]

lol I couldnt sleep at night if I had that much debt on my credit card

[@fernandasoukas2988]

Not debating? Not getting my vote.

[@peej91]

Do Canadians even care about thier kids? Over leveraged is over leveraged. If your own kids can’t even buy a house on thier own you’ve got a problem. If you have to co-sign to afford something you probably shouldn’t

[@redstone5062]

Oh just wait until they begin rolling out generational mortgages to “help” young people get into homes…where their grandchildren will still be paying off the debt.

[@ahset23]

How is this news! This has always been the route to own a house/condo in Toronto

[@Bleebleeblahblahblah]

Ya so brilliant. Live with your buddies and never have kids. See how that works out when you are in your 60s and lonely.

[@williamterrymasters1934]

A man and a woman need One another spiritually if you Believe in GOD a Spirit by Christ 🤷🏼‍♂️

[@richardschuller2485]

This is looney town talk, terrible advice. I cringe when I hear the words "your investement has already gone up"....

[@bonbonvegabon]

Silly renter has no clue how value of ones home goes up yearly lol My home goes up in value over 10% a year lol

[@schuller007]

You totally missed the gravy train if that’s your average.

[@crystalclear111]

Heres a thought, lets vote in a new government and go back to simple purchasing processes & fair prices.

[@bonbonvegabon]

NO govt can stop the evils of capitalism and corporate greed freedummie

[@CodCats]

What do you mean, you don’t want investors buying up entire neighborhoods??? Or people not even living in Canada buying houses to rent out

[@bonbonvegabon]

bahahahahah freedummie cons have no clue that no govts can control the evils of capitalism bahahahahah