Whitchurch-Stouffville Newspaper Index

Stouffville Sun-Tribune (Stouffville, ON), 18 Apr 2013, p. 3

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plytoosteepforayuigfamfiyandilhm bmedthemtodm findingaplaceof Mmtodtemmwuestofuw region. - When theystanedlookingto buyahome. thcscarchfocusedon Newnurkmand Hradford. but rm lnnisfil is the most likely destination. ‘ "BuyingahaH-mfllionddlarhousebm doable onashxgleirmm'e.’ Mr.(‘.raig said. Manyofthelxxnesbeingbaflhinfitad- fixdcostnbmflflmM.Mm(higsaid. mmmmmmmw duringthepasmwmsixyeam *â€" Urnfomnmdymemnlmukaism muchbemer.Mr.Cm'g’safl HecammuteseoworkmNewuwta mryday.bmaaidhecumhmfiynmm rentbratwo- bedroom. abtwegmund muthwersmund SL300. plus and W1: typically goforsull). , Bradford's rents are ,typicafly $50 m 3100 a month cheaper. Mrs Craig said. but i! depends on the unit and landlord. They're fortunate. she continued. as their landlords are friends. meaning rent isn't quite as pricey and utilities are included A mm interest rates so low. it's fnxstratirig mymntpricesarealnmaqualtowhma mongage would carry for. Mr. Craig said. not. ing it’s neafly to save up a sum- ciem down payment when you're paying ram and other bills each month. The problem is further compounded with home prices as high as they are. It's to the point people have just accepted a lengthy commute to work each day will Wiramnsequemoflheitdecisbn to buy a home. Mm (21mg said. adtfing she's eagermgelsatbdbymefimemeirneafly mâ€"ycar-old daughter. Gain. starts school. “You almost have m decide. do you want ' to live close to work or buy a house?" Mr. ( Iraig “Exam.” Mrs. (Imigagwd. York Region has a mputation for influence Midwqude to pcmsethe locd real estate section to see why. ll'soneoflhe reasonsYork lbgion Media Group decided to delve into the issue of home primes [m our series. ofwhich th'mis panona [112011. meaverageresalepricefma home inYmt was in was CAN YOU AFFORD TO OWN HERE? mdbtdmwrNthigmtsm MWbulheandhiswife. Vihlwy’muponlivinghele. av smug PEARCE spran‘tbyrmg mm Housing mummth haveptmednmafiocdaiflaumhme "unfityofmsaknfl permuand75per (Jenniespectivelylamfinginmefimmm $500.0!» prbemmon average. In facuhe odytypeotresalehomesavaagnglessman “waninzmlwaecondominimns. (Eva) all that. it comm lime surprise manyfamifiessngletoaffoudhomemvn- ership, especially/when you consider k1w~ to-moderate household income is anything bewalWlDOinmemgiorL "mehasbeenatmndtobufldacenain typeofhouseinthismgjon.thal heinga two- bath. fourâ€"bedroom detached homo." mgion' communitymdhealflmservicescommis- dode‘nuUrbamkisaicL'hMakn ofpeoplemnofthenurket. 'And.innnnycases.w’mtalkimabout peoplewiflwOKirmmeswhostiflcan‘tafiord In most uxban expanses. a rvmal house or apartment would be the aflondablc option for people unable or unwilling to purchase a home. But the supply 0! rental units m the legion is sorely lacking and the vacancy rate typlcally haven around the 0.8-pcr-ccm In reality. 27.3 per cent onork Region ‘ MWlds spent 30 per am! or more of their incomes on housing in all}. compared to 72 6 pm mm in mm At the same time. hous- ing prices have outpacing the mnâ€" sumet price index and median houriy wage. You really need to be a two-income couple to afford to buy something hem. Ms Urhanski said. noting families we doubling up to main- houslng more afiordable. 0f more than 274.0(1) housing units in the mgiop. just more than 321“). nrfl 1 L7 per *1 M Nineteen onThe Park STAFF PHOTOISTE VE SOME nvvu E Thursday, Flay l6, 20 I 3 2:00pm - 8:00pm “63:th ere", You Live! com. am rental acmmmodatiom 'l‘omnto. by cumpanum. boasts mum than 979.!!!) housing units. of which close to 447111). or 45.6 per cent. are mmals. What is available on the rental market is largely priced out of reach. with the mgmn ackmflledging average mm rates an: sim- ply not aflondahk‘ for numy existing and would-be remem In fact. mtding to Stach ( ‘anada. mac-detailed homes am the pmdmni- nant type of homing in all nine York [It-1am municipalities ScmHictachcd and um! um typtmfly man- up most of the remaining housing units. “Canyouaffordtoown ahamehete? " "III. 25: Young people struggle to enter market m 2: Short supply leads to affordable hmmng waiting lists MAY 10: Do we face a semor housmg cnsu’ MAY 30: What are the solutions’ MAY 9: Homelessness and pun-n» housing HOME FRONT An in~depm look into me state 0! housing in Yom Region and Its Impact on you: life : Cnme and public On the web V991 vuriregm (om Inc .I behind (beau-0M «ha! wflh the We“ who wurh-d on the m».

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