If you're a Toronto millennial and you want to own a house, you should've been making nearly $200,000 a year before you were born.
That's according to a new report from the National Bank of Canada (NBC), released on May 4, which breaks down house prices in Toronto and calculates how long it takes to save up for a down payment on condos and non-condos in various Canadian cities.
The NBC reported that buying the average Toronto down payment on a house or non-condo would take an enormous 24.75 years (or 297 months) while on $183,594 yearly household income and putting away 10% each month.
Buying a Toronto condo isn't that much cheaper now, the NBC said; a Toronto household needs to make $125,202 each year and save up for 51 months to snag a down payment according to the data.
But Toronto isn't even the most expensive city on the list — that honour goes to Vancouver, where residents have to save up for over 30 years to put a down payment on a non-condo.
People's Party of Canada (PPC) leader Maxime Bernier was slapped with a penalty of $2,800 on Saturday, after he went ahead with a "Freedom Rally" in Regina, Saskatchewan.
Several events, which Bernier describes as "Freedom Rallies," took place across southern and central Saskatchewan this weekend, with those involved speaking out against the province's latest public health measures.
According to CTV News, the Saskatchewan government and its official opposition, as well as the region's minister of health, urged Bernier to cancel the protests due to COVID-19 concerns.
However, many of the demonstrations went ahead as planned, with Bernier apparently receiving fines of $2,800 for "speaking at the Freedom Rally" in Victoria Park on Saturday, May 7. He later posed with his ticket and smiled, while describing it as "unjust, unjustified and unconstitutional."
Police suggest that around 200 people were present at this particular event. A total of 16 penalties were issued for violations of the Saskatchewan Public Health Order.