General Urban Kitchener Updates and Rumours

[tomh009]

"Gen Zs (typically defined as born between the mid-to-late 1990s and the early 2010s) were less enthusiastic about buying a home. Only 15 per cent expressed interest compared to 20 per cent in 2025."

Given Canada's extremely weak economic prospects for the foreseeable future the housing market will cool off even more, the bottom is yet to come

Well, no, not exactly. It means that they do not want/plan to buy a home. It doesn't, however, mean that they don't need a place to live. But what it may indicate is more of a shift to renting as a long-term solution, something that is very common in Europe, rather than striving for home ownership. That still requires housing, but in rental form rather than ownership.