Monthly Archives: February 2019

Buying a Home on One Income

Ontario Cities Mostly Out of Budget for Single Income Buyers

By: Zoocasa

With the rise of real estate prices across Ontario, buying a home in the province, even with dual incomes, is no easy feat. For the significant portion of Canadians who are buying a home on a single income, you can expect that affordable cities are even fewer and far between.

Results from a Zoocasa study, which looks at the affordability of single home buyers in 20 cities across Canada, reveals that four of the five Ontario cities are out of budget for all age groups. Save for the capital, where a couple of age groups can afford homes on a single income, Ontario cities remain mostly unaffordable for singles looking to buy a home.
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