TORONTO (CU)_Like many countries in the developed world, Canada has also been reporting a sharp escalation in house prices, with more people finding themselves left out of one of the hottest housing markets in the world. According to recent figures, although many housing markets have seen sales cool off, the national average home price this month reached $669,200, a noteworthy increase from $540,000 in March last year, before the pandemic impacted the real estate market.
The situation has been taking a heavy toll on young Canadians, causing stress and anxiety, leading to…