Toronto Homeowners Spend Nearly 30% of Their Income on Mortgage Payments
The tale begins with themes you’re probably familiar with by now: as a result of COVID-19, Toronto’s real estate market saw a springtime 2020 pause in activity that resulted in a summer, fall, and late-year boom. When that boom did arrive, the demand for larger homes saw a rise, as condos couldn’t meet the needs of Torontonians spending all their time at home.
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Kayla Gladysz
Original Article Posted on: January 26, 2021
Link to Original Article: https://torontostoreys.com/toronto-homeowners-income-mortgage-payments/