If you've stepped outside at all this morning or at any point yesterday you'll know what I mean why I say we're over this weather. Everyone is sticky, hot, and can barely catch a breath in this stagnant heat.
Southern Ontario, in particular, is really feeling the heat right about now. The region has been hit with dozens of warnings regarding the extreme heat. There are over 30 cities affected in the area including Ottawa and Toronto. There are also multiple warnings about flash floods and serve thunderstorms sweeping southern Ontario this afternoon and evening.
Hot, soupy weather across southern Ontario today will not only reach excessive and dangerous levels, it could be the perfect ingredient to fuel severe thunderstorms this afternoon and evening. Stay up-to-date on the warnings in your area. Latest: https://t.co/c0KsENuQFC#onstormpic.twitter.com/BatDzZpRwo
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.