Heddle Real Estate - Royal LePage State Realty Brokerage

By Sue Aitken
Posted Monday, Aug 09, 2021 11:54 am

Millennials less likely to own a home in Toronto than any other Canadian city

The plight of young adults who want to buy houses in Toronto continues to capture the attention of analysts nationwide as housing affordability deteriorates even further into the crisis zone, but is yet another report on how millennials can't afford property what we need?

Not exactly, no, but it should be somewhat comforting to those in this demographic to know that they're not alone in failing to plunk down more than $300,000 for a downpayment on an average detached home.

In some parts of Canada, you can buy an entire house for what it costs just to secure the right to keep paying off a mortgage in Toronto for the rest of your life.

A new study from the Canadian fintech firm Borrowell found that Toronto in fact has the lowest...[READ MORE]

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Heddle Real Estate is an award-winning real estate team serving Hamilton, Ancaster, Stoney Creek, and the greater Niagara region with trusted expertise and a client-first approach.