Fear of missing out leaves millennials taking on big risk in housing market

Gen Y’s fear of missing out on home ownership is right on the money.Month by month, affordability in the country’s hot markets is slipping away. Every year a first-time buyer waits could end up costing many thousands of dollars as higher prices flow through to bigger mortgage payments.In Vancouver, price increases over the same time span result in extra mortgage costs of $616 per month and $36,960... read more.