As Detached Home Prices Soar, First-Time Buyers Turn to Condos
"In Toronto, the average first-time buyer would need to save for 76 months, or more than six years to afford the down payment on a low-rise property. The costs of a detached house now consumes more than 70 per cent of median household income in the city.
Even as buyers in Toronto and Vancouver have struggled to get a foothold into the market for detached houses, condos have proved to be an increasingly affordable option for many."
Source: Tamsin McMahon - The Globe and Mail
If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at email@example.com
“Toronto’s Condo Authority”