By Kyle Darbyson \u00a0Local Journalism Initiative Reporter 08\/07\/2024 17:04 The recent surge in resale home prices has changed the dream of home ownership for many Sault Ste. Marie residents, including those who seek out Habitat for Humanity for help. While its mission remains the same, an increasingly expensive real estate landscape has forced the non-profit charity, which sells homes at fair market value, to shift its focus away from directly assisting those in the lower-income bracket. Because of these market forces, Habitat for Humanity Sault Ste. Marie and Area is now accepting candidates who make a minimum of around $41,000 a year, which represents a considerable jump from the $28,000 minimum requirement in 2018. Habitat’s change in clientele is even more striking in major cities like Toronto, where income requirements… <\/p>\n
By Kyle Darbyson \u00a0Local Journalism Initiative Reporter 08\/07\/2024 17:04 The recent surge in resale home prices has changed the dream of home ownership for many Sault Ste. Marie residents, including those who seek out Habitat for Humanity for help. While its mission remains the same, an increasingly expensive real estate landscape has forced the non-profit charity, which sells homes at fair market value, to shift its focus away from directly assisting those in the lower-income bracket. Because of these market forces, Habitat for Humanity Sault Ste. Marie and Area is now accepting candidates who make a minimum of around $41,000 a year, which represents a considerable jump from the $28,000 minimum requirement in 2018. Habitat’s change in clientele is even more striking in major cities like Toronto, where income requirements... <\/p>\n