Homeownership gap widens


It's getting harder for young families to move up from their first home to a mid- or higher-priced one because of the widening gap between starter and dream homes, according to a new report from CIBC World Markets.  In already expensive housing markets such as Toronto, Vancouver, Calgary, Edmonton and Ottawa, the mid- to high-priced homes are rising in price more quickly than cheaper homes, CIBC deputy chief economist Benjamin Tal says after studying housing data from across Canada.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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