His parents bought their first home for $45,000 in their 20s. He bought his for $690,000 in his 30s. Why first-time buyers are getting older at an alarming rate

His parents bought their first home for $45,000 in their 20s. He bought his for $690,000 in his 30s. Why first-time buyers are getting older at an alarming rate

When Kyle Paranuik’s parents were in their mid-20s, they bought their first house in small-town Ontario for $ 45,000. Thirty-five years later, Paranuik bought his own first home in downtown Toronto — but it was a lot smaller (540 square feet), it cost a lot more ($ 691,500) and at age 31, he was quite […]