According to the
Canadian Housing Mortgage Corporation (CMHC), 25-34 year olds account for the largest population of First Time Homebuyers. If you can believe it, this demographic pool is getting smaller, which may moderate First Time homebuyer purchases in the near future.
As we've seen in the past, housing is impacted by so many factors, which makes the real estate market difficult to predict at times. Going into the fall, we anticipate the Mortgage Interest rates will still remain low, with an increase in rates in 2015.
