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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