More than half of Ontarians believe they may never afford a home in their current city or town, according to new data from Right at Home Realty. The study conducted in mid-May also found 54 per cent of parents in the province are not planning on helping their children buy a future home.
Only 19 per cent of potential first-time homebuyers plan to purchase in the next two to three years, compared to 30 per cent in 2021, an overall decrease of 56 per cent year-over-year.