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0 0 0 0.00766703176341734 -0.00704115161946492 -0.003461117196057 -0.0483899233296823 -0.0364575183852292
Stock impact report

Toronto Residents Lack Confidence in Future Homeownership Ability

Zillow Group, Inc. - Class A (ZG) 
Last zillow group, inc. - class a earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.zillowgroup.com
Company Research Source: PR Newswire
TORONTO, Feb. 24, 2020 /PRNewswire/ -- For residents of Canada's largest city, Toronto, it is no secret that the housing market presents challenges. According to a recent Zillow and Ipsos survey, Torontonians confidence in their ability to own the home they want is on the decline due to rising home prices. For buyers, 77% are concerned they can't afford the home they want, up four points from 2018. More than two thirds (68%) of sellers are concerned they can afford the home they want, an increase from 55% in 2018.Toronto is also the city most likely to be perceived to be in a housing bubble. More than eight in 10 (84%) of Torontonians think that the Toronto housing market is in a bubble, with inflated housing prices, and at risk for a correction. This perception drops significantly amongst Torontonians  for other Canadian cities with 61% for Vancouver and far fewer thinking Victoria (18%), Montreal (13%), Ottawa (10%), Whistler (9%), Calgary (8%), or Edmonton (6%) are experiencing hou Show less Read more
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