Yes, people do still want to move to Toronto and the proof is in the numbers.
A new survey conducted by Finder, a personal finance comparison website, has determined that owning a home is still a top priority for many – especially those considered to be in the Generation Z category.
Despite high real estate prices in Toronto and across the country, this survey found that 54 per cent of Canadians would consider moving cities to buy a house. And the city most Canadians would move to is Toronto.
Toronto was the number one choice for poll respondents aged 18 to 44. The majority of millennials (25-34 year olds) and those aged 35-44 are also open to the idea, with almost 70 percent saying they’d consider moving to buy.
The older you are, the less likely you are to be open to moving – likely because older Canadians already own their homes or are set in their cities. According to the survey, men and women almost equally say they’d relocate to be able to buy a place.
While saving for a home can seem daunting – and may even make you consider moving cities – there are ways to build your savings. Consider putting your money into a high interest savings account to boost your savings and get you one step closer to your own set of keys.