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Its unaffordable now for most and that has to change. Truthfully, I dont think a detached home is a right for the middle class, because it does require space that is just disappearing as cities grow, but I do believe we need to loosen zoning rules and relax restrictions for example on the greenbelt in Toronto.
People used to tell me as a kid that Canada was a nice place to retire, it all makes sense to me now... get in on the housing game early, lay back and relax
Need to move elsewhere for lower housing costs, make more in the US, start a business, join MBB, or win lotto to buy a detached house.
My only hope of owning a detached home is inheriting my parent's.. it's truly sad.
Yup or climbing the property ladder in ours which makes no effing financial sense since we could retire 10-15 years earlier if we didn’t
Im eatly 30s and own my townhouse with some mortgage in city proper with no help from family. Would love to upgrade to a detached some day, just gotta make few smart finance decisions and live to them.
I’m an early 30s immigrant who bought a detached house (3bd, 1.5bth) in Toronto early (on the Line 2) last year with my partner. All hard work and savings (no hand outs from parents).
Waiting for the bubble to burst once the government stops artificially propping
Will it really burst? As someone who owns, I don’t want it to burst lol
This is surprising i thought for sure you guys can afford detached if you are manager and above. Two manager salary is 300k times five 1.5 million you can afford a detached ..no?
D1 - salaries won’t be going up at this rate lol
I’ve got traditional townhome. 1800 sqf I think it’s big enough to raise our family
I have fortunately saved enough downpayment for a cozy detached but it'd have to have Ajax, Brampton, New Market