A new report shows house prices need to drop by more than $500,000 for millennials to be able to afford a home in Ontario.
Generation Squeeze, a charitable organization fighting for generational fairness in the country, recently released a 56-page reported called “,” which looks at the disparity between home prices and earnings across the country.
After analyzing CREA’s data and comparing it to Statistics Canada’s data for annual income, the report concludes prices should stall “for many years ahead – or even continue to fall moderately.”
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