Millennials, saving and the 5 Cs of mortgage...

According to a new poll released by CIBC, most Canadian millennials haven’t even started to save for a home. The vast majority of respondents of the survey released Thursday (94 per cent) who rent or live with family said they plan to buy a home, but 67 per cent of them haven’t started saving yet. [BNN] Perhaps a better understanding of how the process of applying for a mortgage works, will help millennials understand how to get prepared for getting into homeownership. When it comes to approving you for a mortgage, your lender will look at many elements of you and your application before deciding…