This is part 1 of a 3 part release on Young Professional in Toronto. View part 2 View part 3
An infographic displaying the survey results is available for download on bot.com.
While 42 per cent of respondents say they own their home, a majority (58 per cent) currently rent. For those who rent, the top three reasons for not owning are: inability to afford a down payment at 75 per cent, location at 60 per cent and concern about their ability to afford carrying costs at 46 per cent
The email survey was sent to the Board’s Young Professionals Network and other YP groups in the region. Survey respondents were between the ages of 18 and 39. Forty per cent of respondents had a combined household income of more than $100,000 and 87 per cent had a university, or graduate degree.
This survey is a deeper look into the issues first raised by the Board in Environics’ bi-annual Focus GTA survey asking 387 YPs in the GTA about their aspirations of home ownership.