Millennials want houses for less than $300,000?

During the pandemic, online house-hunting and virtual tours became the norm for prospective homebuyers. The shift to a digital platform opened a world of possibilities for people who were looking for a home.  

But who exactly is looking (and what are they looking for)?  

According to Point2’s latest data, young Canadians are hungrier than ever for houses.  

Specifically – it’s a young millennial using a smartphone to search for houses online – preferably something with more than 1,000 square feet with 2-3 bedrooms and bathrooms, for a modest price of $200,000 to $300,000.  

Maybe you know one of these people. Maybe you are one of these people. Either way, they make up over 63.51 per cent of prospective homebuyers these days, and one thing is certain – they’re not looking to buy at the top.