Canada’s most populous city hit its lowest month in home sales this year, reporting a two per cent drop of sales in July from June, according to data from the Toronto Regional Real Estate Board .
“The annual rate of price growth has moderated since the early spring, but has remained in the double digits. This means that many households are still competing very hard to reach a deal on a home,” said Mercer. Higher prices are putting home ownership further out of reach for millennials. A study out yesterday from Canadian financial services firm Borrowell found that Toronto had the lowest rate of home ownership by millennials in the country.
As long as Trudeau keeps printing money guess what happens. Ask your financial guys
Give me a break. Why the hell do ppl suppose BlackRock is buying up properties? Only the disgustingly rich can afford them.