Housing affordability is in the trash can, but you can buy a first home at age 45 and still do OK

by Rob Carrick

Strategies for home ownership at the age of 45 is relevant to people who are single, new Canadians, late bloomers or those receiving an inheritance.

Regardless of how you view renting, it’s obvious that a lot of people are priced out of home ownership right now.

Real estate developers have picked up on this. Re/Max Canada recently looked at commercial real estate in 12 large markets and found developers shifting focus to purpose-built rental construction, in some cases at the expense of condos and commercial buildings.

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