BMO Report: Rent-Weary Millennials Not in a Hurry to Become Home Owners; Need to Save Accordingly

TORONTO, ONTARIO–(Marketwired – April 26, 2016) – Canadian housing prices continue to rise, but prospective millennial first time home buyers are in no rush to enter the market. According to a new report released today by BMO Bank of Montreal, while 60 per cent of millennials surveyed are tired of paying rent, 70 per cent would rather delay home ownership until they can get what they really want in a home.

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Foreign direct investment, 2015

The stock of Canadian direct investment abroad rose 21.8% to $1,005.2 billion in 2015, the largest increase since 2008. At the same time, the level of foreign direct investment in Canada was up 6.8% to $768.5 billion. As a result, Canada’s net direct investment position with the rest of the world more than doubled to $236.8 billion in 2015.

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