Canada city London Dreams reports Citi Canada city London

Some Canadians struggle to enter housing market as costs rise: ‘Nothing we can do’

Reading now: 523
globalnews.ca

home prices continue to soar alongside inflation and a higher cost of borrowing.Among frustrated prospective buyers is Mac Ross, an assistant professor at Western University’s School of Kinesiology in London, Ont.

He tells Global News that he’s struggling to find a home big enough for his growing family, even on a professor’s salary.The family of four has been renting a two-bedroom home for the past few years, but the addition of a new baby pushed Ross and his wife to put together a down payment in search of a three-bedroom home five months ago.

Average home price in Canada hit a record $816,720 in February Though he says they’ve found a couple of bungalows listed for just under $500,000 that fit their budget and would accommodate the family, the properties were scooped up for more than $200,000 above asking.“At that point, there’s nothing we can do.

It just kind of boggles the mind that people were willing to pay that much,” he says.The family has adopted a holding pattern in their house hunt now, and is waiting to see if the spring brings any calmer conditions.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Sri Lankans - Occupy Galle Face protest welcomes the New Year - newsfirst.lk - Sri Lanka
newsfirst.lk
52%
185
Occupy Galle Face protest welcomes the New Year
COLOMBO (News 1st); The Sinhala and Tamil New Year, traditionally a joyous period of celebration and festivities, dawned this year amidst many challenges faced by Sri Lankans. The shortage of fuel, gas, essential medicine and food all accumulated to formulate the Economic Crisis which Sri Lanka is currently undergoing, which had left the population reeling, the Cabinet Ministers in charge of critical subjects resigning, and nobody to take accountability for the crisis as the Parliament, which convened for several days, also concluding their sessions without any resolutions with regard to the people’s problems. This had led to masses engaging in protests in front of the Presidential Secretariat for the sixth day in a row today (14), as the farmers mark the New Year, traditionally celebrated in line with bountiful harvests, this time, without fertilizer, rice being purchased at low prices, and paddy fields abandoned with weeds. However, amid crises, Sri Lankans still managed to welcome the New Year by wishing prosperity to the country and all of Sri Lanka’s children. The ritual of ‘boiling milk’ was held at the Independence square and Galle Face both amid protests, while the protestors also engaged in the New Year ritual of ‘visiting relatives’ by walking from Independence Square to Galle Face, and proceeded to greet the Police who were guarding the Presidential Secretariat with betel leaves. Moreover, many avurudu celebrations such as avurudu games were held with a twist at Galle Face, which were creatively designed to convey the thoughts and complaints of the protesting public at the venue. One such youth, speaking to News 1st, stated that “They have decided to ruin our Avurudu, therefore we are ruining them for Avurudu”
DMCA