Economic challenges prompt Canadians to explore non-traditional paths to homeownership: Re/Max

A new survey released Tuesday shows nearly a third of Canadians are considering buying a home together, renting out sub-units and other "unusual and unconventional" ways to buy a home.

About 32 percent of respondents said they were considering so-called "unconventional" ways to get into the home ownership market because housing is expensive, according to findings released Tuesday. do, the most popular methods are the rent-to-own model (22 percent) and joint purchase of a house with a family member (21 percent). Also, buying a house by renting a part of it (17 percent) is mentioned as one of the alternative ways.

According to experts, despite all the challenges from interest rates, the economy, negative headlines and more, there is still a desire to buy real estate, and Canadians are getting more creative when it comes to achieving their dream of buying a home.

Homeowners between the ages of 18 and 34 (25 percent) are said to be more likely to buy their property through unconventional methods.

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