Survey: Canadian Young Adults (18-24) Less Optimistic Than American

Counterparts in Homeownership Prospects

Justin Havre & Associates recently surveyed young adults (18-24) across Canada and the US to
gauge when these groups believe they would be in a financial position to own a home. The results of
the survey suggest that Americans in this age group believe they will be able to purchase their first
home sooner than Canadians.

Calgary, Canada, July 10, 2018 --(PR.com)-- In May 2018, an online survey of 1000 Canadians and 1000
Americans between the ages of 18 and 24 was conducted by Justin Havre & Associates to measure when
these groups believe they will be able to attain homeownership.

While 15.1% of American respondents believed they would be ready to purchase a home within the next
three years, only about 9.7% of Canadians surveyed felt they would own a home within that same period.

19.9% of Americans surveyed indicated they would be able to own a home in four to seven years while
18.1% of Canadians indicated that belief.

15.4% of Canadian respondents believed it would take over 16 years to be in a financial position to
purchase their first home compared to just 5.7% of Americans surveyed.

Just under 19% of respondents in each group (18.2% Canadian vs. 18.8% American) felt they would
never own their own home.

Other comparative notes from the survey include:

More US young adults surveyed already own homes. 24.4% of respondents from the United States
already own a home compared to only 15.8% of Canadians.

Canadians in this age group believe it will take them longer to own their own homes than Americans.
38.2% of Canadian respondents believe it will take at least 8 years to buy their own home compared to
only 17.9% of Americans surveyed.

35% of US respondents believed they would own a home within 7 years versus 27.8% of Canadians.

The 2,000 people responding to the survey were split 50/50 between Americans and Canadians, each
ranging from 18-24 years of age. Respondents were living in a variety of housing markets throughout
each country and were not concentrated in any one metropolitan area. The average margin of error for the
Canadian survey is +2.25% / -2.33% and for the US survey + 2.21% / -1.96%.

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Contact Information:
Justin Havre & Associates
Justin Havre
1-403-217-0003
Contact via Email
https://justinhavre.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/758554

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