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’s third annual Affordable Housing Survey reveals the vast majority of Canadians now say buying a home feels like a luxury and 88 per cent of renters say the goal of owning a home in Canada has become out of reach.
Seventy-four per cent agree communities are being fractured by a lack of appropriate housing for low- and middle-income people. Four-in-10 Gen Z and Millennials say they have fewer job opportunities because they had to move to a more affordable area. Gen Z is more concerned than any generation with respect to saving enough money for a down payment on a home .
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