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Canadian Real Estate News Headlines (June 13th 2019)

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Canadian Real Estate News Headlines (June 13th 2019)

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Jun 12 2 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

Home prices in Vancouver are quadruple what average millennial can afford: report

Housing affordability is still far out of reach for millennials across the country, a new report says, with the average price of a house in Vancouver perched a particularly unattainable four times higher than what those prospective buyers could safely afford to pay.

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Canada Has Never Had More Homes Under Construction At The Same Time

Canada has a lot of housing in the works. CMHC numbers show construction of new houses in the county’s largest cities picked up in May. The increase puts the number of homes being built at an all-time record high.

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Toronto's average home prices need to fall $523,000 to reach affordability

It’s no secret that housing affordability is an issue in Toronto.

And now a new study, Straddling the Gap: A Troubling Portrait of Home Prices, Earnings, and Affordability for younger Canadians, by UBC’s School of Population & Public Health shows the severity of the housing prices, and how Canadians between the ages of 25 and 34 continue to struggle with the gap between earnings and real estate costs.

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Canadian Real Estate News Headlines (June 13th 2019) | Jethro Seymour, Top Toronto Real Estate Broker


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