26 Jun These 20-somethings clawed their way into Toronto’s housing market.
Original article via Globe and Mail. Click here to read.
Toronto Life recently profiled nine millennials who bought houses in the city before the age of 30. It’s an awesome achievement in a housing market where the average home cost $772,400 in May and detached homes alone averaged just over $1-million.
One couple kept a student lifestyle on adult incomes. Another of these young adults said he “kept my spending low and rarely went on trips.” Still another: “I paid my parents $500 a month to live in their Brampton basement and saved much of my salary for a down payment.”
These are all stories of financial discipline and fortitude. Young adults are fighting back against expensive housing through sheer saving willpower. Just one question: Why?CLICK FOR THE FULL ARTICLE