In recent months, politicians have been speaking with increasing urgency about housing affordability in Canada. But it’s not clear that policy makers, or the broader public, understand what restoring affordability actually means in terms of dollars and cents, according to Charles St-Arnaud, chief economist at credit union hub Alberta Central.
In a report published last week, Mr. St-Arnaud crunched the numbers on the size of adjustments that would be needed to bring affordability, specifically for the home ownership segment of the market, back in line with historical trends in seven of Canada’s largest cities.
Basically we’re fecked.
But I still don’t understand why as in other articles on the topic mass imigration’s impact on demand was not discussed.
To me that makes the article nothing but propaganda in support of Corporate Canada’s wage slave imports.
