MAYBVM

6 7 MONTH 2017 Opening Lines CANADIAN MILLENNIALS DREAM OF BEING HOMEOWNERS BUT MOST AREN’T PLANNING FOR IT A new Canadian Imperial Bank of Commerce (CIBC) poll finds that Canadians aged 18-37 who rent or live with family still dream of owning a home but few are on track to make it a reality.While nearly half (46 per cent) of those who intend to buy plan to do so within the next five years, 76 per cent haven’t started to save or have accumulated less than a quarter of their down payment. “Our survey reveals that few Millennials are taking the necessary steps to make the move to homeownership,” says Grant Rasmussen, Senior Vice President, Mobile Ad- vice, CIBC. “You can’t buy a home with intent and desire alone. It’s important to have a financial plan to make the most of your income and set yourself up with the right savings