As we approach the summer of 2024, it's fascinating to reflect on how much Kingston has evolved over the past decade. The skyline has transformed dramatically, with new apartment complexes and high-rise developments sprouting up across the city. This new era also marks the integration of Millennials, or Generation Y (those born between 1981 and 1995), into the workforce. For many young professionals, this is a crucial stage where independence and the desire for their own living space become paramount. Unfortunately, many find themselves merely scrolling through images of apartments they cannot afford to rent, let alone purchase. But why is this so?
The Growing Demand for High-Priced Apartments
The high rental rates and prices for these modern apartments in Kingston are not a new phenomenon, and these prices have remained elevated for some time. The demand for these expensive units has kept the prices high, and despite the increasing supply, prices have not dropped. The question, therefo…
