There is an age-pattern of home ownership which varies geographically all over the world. Factors that determine the rate of demand for housing have been linked to the age at first home acquisition. Such as economy stability, housing policies, equity/level of personal funding, mortgage flexibility, academic pursuits, age at marriage, unemployment and economic recession among others. The recent trends of home ownership reflect the age-pattern majority of people will make this commitment. In the United States and Uk research shows that people make their first purchase much younger than their counterparts in other countries especially in developing nations. For instance, at the young age of 22-27 averagely a college graduate and junior employee can afford a down payment on their first home. Althougha contrary 2012 report by the National Association of Realtors in America estimates the average age for first-time home buyers at 31.Similarly In Canada, most young people at ages of 21-27 purchased their first homes that early in life because they could afford to do so either by taking a mortgage loan or borrowing from their parents.