More than a third of Generation Z adults living in Vancouver expect they’ll co-own their first home with someone else like friends or family, a recent survey suggests.
The Generation Z Report, released by Sotheby’s International Real Estate and the Mustel Group Wednesday, looks at how that age group is preparing for home ownership across the country. It suggests 37 per cent of Canadian Generation Z adults, which included those aged 18 to 28, living in urban areas expect they’ll be able to purchase their first home in less than five years. Even in Metro Vancouver’s expensive and challenging real estate market, that percentage is only slightly lower, at 36 per cent. Forty-three per cent of those surveyed expect they’ll buy a home in five to 10 years.
“The influence of Generation Z is rising with each passing year, and their impact on Canada’s real estate market is set to be substantial,” said Josh O’Neill, general manager of Mustel Group, in a news release. “Results from this survey reveal the high level of confidence that young Canadians have in housing and demonstrate how they are overcoming financial barriers to attain home ownership.”
Sotheby’s report also says 62 per cent of those polled plan to use their personal savings as the main funding for their down payment. Financial gifts, loans outside of a mortgage, selling financial assets and family inheritance were also listed as leading down payment sources. Even so, a significant portion expect they won’t own their homes alone. The report says 27 per cent of those surveyed reported their first home will likely be co-owned with a family member. That figure is slightly higher than Generation Z residents of other urban communities, where 24 per cent expect to co-own with family.
Source: ctvnews.ca
Saturday, April 18, 2026
