Every generation is unique but life-stages are timeless. At a certain point many people dream of a family life with children, and a home with a backyard often factors in. But according to a recent study by the Ryerson Centre for Urban Research and Land Development, the over one million Millennials in the GTA may discover finding affordable ground-level family homes more of a nightmare.
PROBLEM: LIMITED HOUSING AVAILABLE
Over the next decade as millennials age-up over 700,000 of them are expected to hit the real estate market. But with many developers focusing on condos and apartments recently not enough ground-level homes are being built and there could be an almost 70,000 deficit to demand.
NATIONAL’S SOLUTION: BUILD FAMILY HOMES!
At National Homes we listen and build based on what you tell us you want. We focus on towns, semi’s and detached homes with plenty of room to grow. In 2019 we have family home projects being developed in Claireville, Bradford, Burlington, Courtice and Markham.
Buying a single-family home in Toronto right now requires an income that is six times that of the average Millennial. And as demand for ground-level houses increases, so will the prices.
SOLUTION: KEEP PRICES AS LOW AS POSSIBLE
A first step for a new family should never be too high. The average family can find a home with us in one of our communities.
PROBLEM #3: LOCATION, LOCATION, LOCATION
The fact is over 40% of Millennials have said they are likely to live outside of the Greater Toronto Area because of unaffordable housing costs; trading green space and family homes for longer commute times and higher transportation costs.
SOLUTION: KEEP COMMUTERS IN MIND
National Homes carefully chooses their family-friendly communities to ensure proximity to transit, easy highway access and commuter-train services. We keep most of our communities in close proximity to local Go Stations, including our new communities in Markham, Bradford and Three Rivers.
At National Homes, we always start with you and your needs. We want you to enjoy all of the stages of life: single-to-wed, renter-to-owner, honeymooners-to-parents and to be able to do it in style and comfort.