Westport condos . The proportion of owners under 35 years old in Toronto is more than 10%. According to Statistics Canada, the proportion of 35-year-old homeowners in Toronto has reached 11.5%, and the proportion in the outer suburbs is even higher.Please Visit: Westport condos to Get Your VVIP Registration Today!
The latest data from the Canadian Housing Statistics Program show that young people have to face a lot of obstacles if they want to buy a home in Toronto.
Statistics Bureau figures show that citizens under 35 years of age have the smallest proportion of homeowners, with Nova Scotia (9.4%) and Ontario (11.4%).
As for Toronto’s census, 11.5% of people under the age of 35 are owners, while cities far from downtown Toronto have a higher proportion of young owners, such as New Tecumseth, which is more than 50km from downtown Toronto. The proportion of young owners is 18.4% and 17.3%.
In addition, the data show that many middle-income people in Ontario and British Columbia own a number of properties. the average annual income of these people is $65000 in 2019, of which the average annual income of men is $75000 and that of women is $55000; the median age of people who own multiple properties is 55.
In contrast, owners of only one property in Ontario have an average annual income of 50, 000 yuan (60, 000 yuan for men and 45000 yuan for women), with a median age of 53 years.
As for Toronto, owners of multiple properties have a median age of 55 and an average income of 70,000 yuan (80,000 yuan for men, 60,000 yuan for women, and 48.1 percent for men).
Interestingly, the annual income of owners of one property in Toronto is roughly the same as that of owners of one property in Ontario.