Millennials emerge as a bulwark against Canada housing bust

Bank of Canada optimism premature as risk of housing boom persists – OTTAWA (Reuters) – The Bank of Canada is breathing a sigh of relief that Canada’s housing boom and the hints of a bust in Toronto are stabilizing. and Vancouver bouncing back, demand may re-emerge.

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Millennials Emerge as a Bulwark Against Canada Housing Bust . Millennials Emerge as a Bulwark Against Canada Housing Bust . Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain strong, despite spiraling costs, according to Royal Bank of Canada.

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Millennials. Millennials Emerge as a Bulwark Against Canada Housing Bust. Bloomberg – Natalie Wong. Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain.

Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain strong, despite spiraling costs, according to Royal Bank of Canada. Bloomberg News The population of 20- to 34-year-olds swelled by 96,000 in the three cities last year, the bulk of [.]

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Millennials are flocking to the cities for their thriving economies and cultural scenes. Canada’s also instituted a fast-track visa program for high-skilled workers and has seen a surge in international students to the country. "Housing demand isn’t at risk of falling anytime soon," Hogue said.