Homeownership is viewed as a bigger priority than investing according to an OSC study.
The Ontario securities regulator found that while 4 in 5 of the province’s 18-36 year olds are saving, only half are investing.
Those savings are likely to be for mortgage downpayments for many millennials, with the poll revealing that owning a home is in the top three financial priorities of more than half of millennial Ontarian non-homeowners. One in three already own their home.
The OSC is hoping to persuade more young people in Ontario to invest, whether in securities or real estate.
The Ontario securities regulator found that while 4 in 5 of the province’s 18-36 year olds are saving, only half are investing.
Those savings are likely to be for mortgage downpayments for many millennials, with the poll revealing that owning a home is in the top three financial priorities of more than half of millennial Ontarian non-homeowners. One in three already own their home.
The OSC is hoping to persuade more young people in Ontario to invest, whether in securities or real estate.
