First-time homebuyers are having trouble breaking into Toronto’s housing market as people convert starter homes into forever homes, because they can’t afford to move up. It’s part of a ‘vicious circle’ of stagnation being closely monitored by the Toronto Real Estate Board.
This story was originally published on CBC News. To read the rest of this news worthy story, please visit http://www.cbc.ca/news/canada/toronto/renos-vicious-cycle-1.4016992?cmp=rss.
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