How Canada’s dealing with its own home affordability crisis

"The unaffordability crisis is not just a crisis for low-wage earners, but also includes, in many parts of Canada, middle-income earners who can’t afford to buy a family home.

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Canadian Real Estate Is The Least Affordable Since 1990. The affordability index for Canadian real estate held its level for a second quarter. A median household in Canada needed 53.9% of their income in Q3 2018, the same as the previous quarter. That number represents a 3.05% increase compared to the same quarter last year.

Canada (Canadian French: listen (help info)) is a country in the northern part of North America.Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

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Canada's Middle-Income Housing Affordability Crisis. – Canada has a serious middle-income housing affordability crisis. Canada’s house prices have grown nearly three times that of household income since 2000. This contrasts with the stability between growth in house prices and household income during the previous three decades.

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The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you Canadians’ relationship to debt has changed, with middle and upper tier earners awash in red ink.

John Ralston

Affordable Housing Crisis in Canada There is currently a vicious crisis concerning affordable housing in Canada. While experts say we shouldn’t spend more than 30% of our income on housing, there are thousands of struggling Canadians spending more than half their income on rent.

Housing affordability the worst it’s been in 27 years. Here’s a cross-Canada look By Maham Abedi National Online Journalist, Breaking News Global News

Housing affordability has become a real problem in US: NAHBOpinion: Canada's housing market – built on. – The Globe and Mail – The hyper-commodification of real estate is making housing-for-all less and less of a. China warns of long road ahead for trade deal with U.S. after. That highlights a cold reality: We cannot build our way out of this affordability crisis.. to communities, such as teachers and tradespeople, to own a home.