The calculations of the article is seem wildly not reality based. Most young people buying a home in a big city are getting downpayments from family or they ar

The calculations of the article is seem wildly not reality based. Most young people buying a home in a big city are getting downpayments from family or they are saving more than 10% a year. Add in the rsp savings, tfs accounts and the actual calulations are more complex. The drop in the condo market because of the drop in airbnb makes that sector an attractive entry for young Canadians. You can get a fairly big house outside of the downtown core (45/50 by 120+) for a fair price or you can get a rundown older house postage stamp close to downtown for 4 times more. I see raises in prices for all detached homes for the next two years followed by a period where people try to move back to major cities causing a price increase in major cities and a drop in cottages / smaller cities.