Bank of Montreal Wealth Institute

Bank of Montreal Wealth Institute: That's the message from the Bank of Montreal Wealth Institute, which says young adults and teens may be overly confident about facing life's major financial milestones, according to Huffington Post. It says that's optimistic, given the average home now costs almost eight times the average pre-tax, full-time yearly salary. In 1997, the average Canadian home only cost five times the average salary and Take off the rose-coloured glasses, Generation X and Generation Y. According to a 13-page report issued Friday, the bank says 68 per cent of those recently surveyed in these age groups believe they'll be able to buy a house at some point. (www.immigrantscanada.com). As reported in the news.