Across Canada, you could hear the eyes of Gen Zers rolling. The headline in The Globe said it all: “CMHC gives up on comparing housing affordability to 2004 levels.”
Where a previous headline-making report by the Canada Mortgage and Housing Corporation, the federal agency whose stated purpose is to make housing affordable, had set out a series of policies aimed at returning housing costs, relative to income, to 2004 levels – by 2030 – the new report dismisses this as “no longer realistic.”
