Young Couple Mortgage Advice
Penticton may be best known as a vibrant retirement resort community but it’s also a big draw for young couples with career, business, and familial aspirations on the mind (not necessarily in that order). In fact, recent data shows that the male-female age group between 20-39 makes up nearly 20% of Peach City’s population. That number is expected to grow significantly in the immediate future as over the last year Penticton (in addition to Summerland, Peachland, etc.) has seen a rental boom from younger people migrating from the B.C. Lower Mainland. This rental boom is paving the way for an equal or greater rise in first home purchases, as young couples look to capitalize on dramatically lower home values when compared to major urban centers in the province. But of course, the prospect of a large investment for young couples can feel fairly daunting. Fret not, because with some proper guidance you could be making the smartest decision of your lives. Let’s review.