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Homeownership dreams dashed for many young Canadians as house prices soar

Britain Canada city Columbia, Britain city Vancouver housing market Canada Budget
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owning a home. But after years of looking to buy something that would be suitable for the family they hope to start in Vancouver, they’ve quit searching.“We’ve seen the bidding wars and houses selling way over asking price.

It’s very discouraging,” Peñaloza, who works as a research assistant at the University of British Columbia, told Global News.With the average home price in Canada jumping 31.6 per cent year-over-year in March, Peñaloza and Gonzalez are part of a cohort of people under the age of 35 who feel that their dreams of homeownership are increasingly out of reach.

These millennial prospective buyers have seen their earnings hammered by two major recessions now.Affordable housing advocates say young workers who remain shut out of.

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United States
United States
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India
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
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United Kingdom
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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