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Millennials moving out of the city and into cottages

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Millennials moving out of the city and into cottages

Date: 07/24/2017 | Source: http://www.cbc.ca

The current prices of homes in Toronto are turning off some first time home buyers. Instead of trying to buy a home over their budget in the city, many are opting to purchase a cottage instead. "I hear often, the city is too congested, it's getting too busy, it's unaffordable, it's not an enjoyable lifestyle." This goes along with the trends of minimalism and “off-grid living” that some young adults are drawn to. If you want to slow down and relax by moving out to cottage country, consult a local real estate agent at Kawartha Waterfront Realty today.

Forget buying a house in Toronto: Cottages are the new ownership dream for young people, says report

With the high cost of real estate in Toronto pricing many first-time homebuyers out of the market, millennials are starting to look outside the city — way outside. They're not looking with the intention of buying a home, but rather buying a recreational property like a cottage, cabin or ski chalet.

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