In Canada, just over 10 per cent of households live in housing that is unaffordable, unsuitable or inadequate, and they cannot afford alternative housing in their community. THE CANADIAN PRESS/Darryl Dyck Jacquie Gahagan, Mount Saint[...]Read More about Canada’s National Housing Strategy: Is it really addressing homelessness and affordability?
OTTAWA – Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC. The PBO’s house price assessment, published on Thursday,[...]Read More about Homes still unaffordable for average households despite fall in prices: reports
TORONTO – When Gina Athanasiou’s father died in 2016, she realized her mother, who bounced between Canada and Greece for most of her life, didn’t have a pension large enough to cover the soaring costs[...]Read More about Roommates, multi generational homes rising amid increasing costs, immigration: census
RBC’s latest housing affordability report released Thursday reveals that the situation is the worst its been since the early 1990s, and will worsen before it gets better. RBC’s aggregate affordability measure for Canada went up 3.7[...]Read More about Canadian home buyers face least affordable market in a generation: RBC
CANADA’S NATIONAL OBSERVER House prices and rents in Ontario have become more unaffordable in the past two years than in any other recent two-year period anywhere in the country, according to a new report from[...]Read More about Housing crisis in Ontario worse than ever, Gen Squeeze says