Housing costs have nearly four out of 10 Ontarians considering leaving: Angus Reid

A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Royof 4,204 Canadians last month and found that 28 per cent of all respondents were considering a move out of province due to concerns about the cost of housing.

The results also pointed to a generational divide, with Ontarians between the ages of 18 and 34 nearly twice as likely to say that they were contemplating moving due to the cost of housing compared to those 55 and up . About 39 per cent of those who have been in Canada for 10 years or less said that they were considering a move due to housing costs compared to 28 per cent overall. The number dropped to 30 per cent among immigrants who have resided in Canada for 11 years or more.

The average cost of a Toronto home decreased 3.5 per cent year-over-year in May but still stands at $1,117,400.

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