Students want to own a home within 5 years

Almost half of Canada’s post-secondary school students want to move out of their parents’ home within a year of graduation and buy their own home within 5 years.

A poll by RBC assessed student finances and revealed that students are eager to achieve a number of key life moments shortly after finishing their studies.

However, first-year students have a more optimistic outlook than those approaching graduation. For example, 64 per cent of 1st years expect to earn their first $100k within a year of graduation compared to 55 per cent of 4th years.

Student debt is in focus for 78 per cent of students who intend to have it paid down within 5 years of leaving school.

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