9:00a – 5:00p

Monday to Friday

265 Rimrock Road, Suite 202

North York, ON M3J 3C6

Starting A Family With Rising Home Prices

Tembo Financial February 26, 2016 No Comments

A new survey found that 72.1 per cent of millennials believe their ability to start or expand their family is directly impacted by real estate prices in their region. For example, in Toronto a detached home now sells for an average price of $1 million which can be quite out of reach for many looking to start families. This leaves the only feasible solution other than renting to be condominium living, which can be done for much less than $1 million. However, the majority of condominiums available in Toronto are only one-bedrooms which would cause an issue for someone looking to start a family. Furthermore, according to Urbanation Inc. only five per cent of new condos in Toronto have over three bedrooms. Therefore, millennials looking for the typical family household with a backyard are forced farther and farther out of the city.

Have you sold your home, and now can use an advance on your equity before closing day, perhaps you need money for renovations? Tembo Financial can help! Tembo offers this unique service to homeowners in Ontario and the GTA. You could receive your money in as little as 48 hours with no credit check and no appraisal* for expenses that matter to you. Don’t wait, start today!

*Subject to qualification.

Leave a Reply

Your email address will not be published. Required fields are marked *