Making It | What It Costs To Live in Toronto
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Canada is often lauded for its healthcare system but if you’re trying to buy a place in Toronto, the housing market can be daunting. Home prices jumped by 33.2% in March 2017 from March 2016. Beyond real estate costs, how are Torontonians keeping up? We spent a day with Toronto native, Jalisa Luces-Mendes, a part-time researcher and fashion line owner.
Coming from a family involved in real estate, Jalisa dreamt of owning a home by the age of 26 which she says is now not attainable. She added, “I still can’t afford to live in my own family’s property.”
According to the Economist's latest Cost of Living Index, Toronto ranks 86th out of 133 major cities surveyed however the index doesn’t account for housing costs.
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