How can young Canadians prepare for a mortgage? We make it make sense
This week, our question comes in from 22-year-old Jessica. She asks, “I want to understand how to prepare for a mortgage. How do mortgages work?”
#MakeItMakeSense is a weekly series from the Star that breaks down personal finance questions to help young Canadians gain more confidence and understanding around financial literacy.
Is buying a property feasible for younger Canadians? As real estate prices skyrocket, finding affordable housing and understanding mortgages can be a looming stressor on young Canadians when there are so many factors to consider and weigh.