There has long been concern about deteriorating housing affordability in Canada. The OECD has expressed concerns about the decline of the middle-class in Canada and the substantial role of house price increases. Two of the 10 least affordable major markets …
Cut Expensive Housing Regulations to Preserve the Middle Class
Last year, the Organization for Economic Cooperation and Development (OECD) published research showing that the middle-class is shrinking throughout the developed world. In Under Pressure: The Squeezed Middle-Class, OECD emphasized that the threat to the middle-class is the result of costs …
Housing Affordability In Canada 2020 Index
There has long been concern about deteriorating housing affordability in Canada. The OECD has expressed concerns about the decline of the middle-class in Canada and the substantial role of house price increases. Two of the 10 least affordable major markets …
Canada’s Resurgent Population Growth and Exodus from Unaffordability
Canada is experiencing resurgent growth, according to the latest population estimates from Statistics Canada. Between 2015 and 2019, the nation added 1.30 percent to its population annually. This is up about one-third from the annual rate between 2010 and 2015. …
Standard of Living Crisis Evident in New Demographia International Housing Affordability Survey
One of the principal advances of the past two centuries has been the drastic reduction in poverty and the rise of a large middle-class, a process expertly detailed by economists Diedre McClosky and Robert Gordon. At the heart of this …
16th Annual Demographia International Housing Affordability Survey
How affordable is housing in your City? There has long been concern about deteriorating housing affordability in Canada. The OECD has expressed concerns about the decline of the middle-class in Canada and the substantial role of house price increases. Two …
Why Ottawa’s Attempts to Help Young Canadians Afford Housing Simply Won’t Work
The federal Liberal government’s proposed budget includes an innovative plan to improve housing affordability through “shared equity” mortgages. First-time homebuyers could qualify for a 10-per-cent “shared equity” mortgage on Canadian Mortgage and Housing Corp.-insured financing for new houses and five …
Housing Affordability From Vancouver To Sydney To Toronto: Time To Do What Works
The front page of The Wall Street Journal cited the difficulty of cities (Note 1) trying to stop the escalation of house prices “Western Cities Try, and Fail, To Slow Chinese Home Buying.” The more descriptive online headline said: Western Cities Want to …
Restoring Housing Affordability in Toronto: A Once-in-a-Generation Opportunity
By Wendell Cox May 4, 2018 Recently, Ontario PC leader Doug Ford’s proposed building single-family homes in a large supply of urban …