New platform helps young investors crack Toronto's real estate market
For most young people these days, the prospect of owning a home feels pretty distant at best — and impossible at worst. The Canadian real estate market, in major cities especially, has become such that only those with large amounts of capital available to them are able to invest in property.
With added obstacles like mortgage stress tests and student loan debt, the entry to investing seems impossibly high — even more so with the added economic stress of the pandemic. It’s daunting to consider saving for a down payment amidst all the things working against you while planning for all the other big life things, too.
Despite all this, young people still dream of owning something, even if we have to save for five times as long as our parents did.
This is why real estate crowdfunding platforms like addy are doing the work to make investing more accessible for younger generations. addy’s goal is to remove barriers to real estate investing by offering investments for as little as $1.
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