24 Jan Two-thirds of young professionals are less concerned about buying a home.
Original article via HIBusiness. Click here to read.
A potential threat to the future of Canada’s largest economic engine is the soaring price of houses in Toronto which makes it difficult for businesses to attract and retain talent. The problem is there are plenty of places where you can buy an affordable home, just not ones with many jobs. In the big cities where the jobs are, housing is getting out of hands especially for the young professionals.
A study of the Toronto Region Board of Trade recently concluded that more than two-thirds of the city’s young professionals have essentially given up on buying a home or upgrading to a larger one.