"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."
RE/MAX Hallmark Realty Ltd., Brokerage
723 Mount Pleasant Road
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Toronto Real Estate Board - IDX Last Updated: 2/17/2019 7:44:03 PM