94 per cent of GTA millennials worry young people won’t be able to afford a home, poll says

More than nine in ten millennials are concerned people their age won’t be able to afford to buy a home in the GTA, according to a new poll.

Eighty-five per cent of GTA residents of all ages said they are concerned about young people’s ability to buy a home, according to an Ipsos poll released Tuesday on behalf of the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB). That number rises to 94 per cent for millennials aged 18-34.

The poll also finds widespread concern that GTA children will be unable afford to buy in the their community. Just one in three residents said the children they know will grow up to be able to afford local housing.

Read the rest of the article at the Toronto Star

The TORONTO REAL ESTATE BOARD is a not-for-profit corporation founded in 1920 by a small group of real estate practitioners.  TREB is the collective voice for both its commercial and residential REALTOR® Members and operates under the direction of an elected voluntary Board of 16 Directors.

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