Necessity is the mother of invention. Economic conditions are compelling young Canadians to explore alternative ways to achieve their dream of home ownership, according to the RE/MAX 2024 Alternative Home Ownership Models Report.
Report Highlights
- 32% of Canadians are currently exploring non-traditional ways to enter the housing market.
- 47% of Canadians would consider non-traditional forms of home ownership in the future.
- Among those using alternative home ownership models, the most popular are: Rent-to-own program (22%), Co-ownership with family that isn’t a spouse or partner (21%), rental property (17%).
- 73% of Canadians believe home ownership is the best investment they can make in 2024.
Regional Market Insights
According to the RE/MAX network, 71 per cent of regions surveyed noted a slight uptick in non-traditional home-ownership situations.
Share the Report on Your Social Channels
There are various reels and a social graphic available for you to download and share on your social channels to help keep your clients and network informed on the latest RE/MAX report.
