As Canadians deal with a crushing housing shortage(opens in a new tab), high rental prices and inflationary price pressures(opens in a new tab), now Equifax Canada is warning that Canadian consumers are increasingly “under stress” from the surging cost of living.
“Our data says about 50 per cent of Canadians are living paycheque-to-paycheque(opens in a new tab),” Sue Hutchinson, the president of Equifax Canada, told CTV News Channel on Tuesday.
The Liberals have already announced a bevy of measures to help put a dent in Canada’s housing crisis, with Prime Minister Justin Trudeau(opens in a new tab) pledging to “meet the moment” as younger generations increasingly feel “middle-class stability” is out of reach.
