A Look Into The Future

Kristi Wong • April 19, 2016

In 10 years, the house prices in several Canadian cities will be far and away more expensive than the prices of today. “A single-family home in Toronto will run between $2.26 million and $3.582 million by 2026, by our projections. In Vancouver, a single-family home will run you $2.8 million to $5.1 million by then. […] The post A Look Into The Future appeared first on Andy Schildhorn, PREC.

In 10 years, the house prices in several Canadian cities will be far and away more expensive than the prices of today.

“A single-family home in Toronto will run between $2.26 million and $3.582 million by 2026, by our projections. In Vancouver, a single-family home will run you $2.8 million to $5.1 million by then.

But the bad news doesn’t just affect people who haven’t bought yet. Upgrading from a condo to a house in these cities would become a mere fantasy for many in the middle class under these scenarios.”

For more: http://www.huffingtonpost.ca/2016/04/16/canada-real-estate-projections_n_9648448.html?utm_hp_ref=canada-british-columbia&ir=Canada+British+Columbia&ncid=fcbklnkcahpmg00000005

The post A Look Into The Future appeared first on Andy Schildhorn, PREC.

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