How Will First-timer Buyers Afford a Home?

A report by BMO early this year says average house prices have doubled and in some places tripled during this time. Today's young people are also saddled with more student debt from high tuition costs; coming out with a generalization that young families have more debt in general than did their parents in the 1980s. In this case, how will first time buyers afford a home? Are there any chances of that dream home? or is it likely that generation X and generation Y will have to save more efficiently and work more years?

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