Toronto Home Buyer's Challenges in 2024

Owning a home in the GTA is said to be an absurd pipe dream. Well, it does seem to be so given the dizzy levels the home prices in the Greater Toronto Area have reached. Even with the recent downturn this year in 2024 many of my prospective clients find it difficult to afford a house or condo apartment.

Rapid increase in mortgage interest rate in the last 2 years certainly put a damper on any hopes people had owning their first home or even upgrading.

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