Best and worst for millennials

A new study revealed that Toronto and Vancouver are difficult cities for the budget of millennials. The survey looked at six urban centers across the country and the results were shocking. It painted a bleak picture when it comes to home ownership for people born from the early 1980s to the early 2000s.

If they want to live in Vancouver and they want to purchase a home, they would need to borrow $690 per month, that’s before money needed for transportation and food. If you live in Toronto, all you have left with a median income is $265 per month for everything else. There is a brighter picture for millennials who are living in Halifax, Ottawa, Calgary and Montreal.

– “LIFE IN CANADA” Article reprinted with permission of author