For a typical millennial to buy an average home in Canada, it’s 21 years in Toronto, six for a place in St. John's.
Experts say the astronomical cost of living in big cities is burden enough without adding the stress of buying a home at any cost.
Today’s Bank of Canada rate hike is just the latest thing pushing young Canadians further from home ownership.
“We have reached a point where there aren’t too many parking lots left to build on.”
You can get a place for as low as $150,000 as as high as $600,000
Meanwhile, average home prices have shot up 30 percent
Irrationally high home prices are motivating builders to ramp up construction in urban Canada