Podcast 44: Why A Decent Income is No Longer Enough To Afford a Home In Canada

The soaring real estate prices in Canada have created a stark reality where a decent income alone is no longer sufficient to afford a home. The increasing cost of homeownership has far outpaced wage growth, making it incredibly challenging for middle-class families to enter the housing market.

Factors such as low housing supply, population growth, and speculative investment have contributed to the current landscape. Moreover, the stringent mortgage stress test and rising interest rates further exacerbate the struggle for prospective homebuyers. As a result, the dream of owning a home is slipping out of reach for many Canadians, creating an urgent need for policies and solutions that address affordable housing and income inequality in our country.

So, where do we go from here?

Schedule a 15-minute appointment to chat with me here:
https://www.broadviewavenue.ca/appointments

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Тэги:

#ken_yim #kenneth_yim #toronto_real_estate #toronto #real_estate #housing_market #canadian_housing_market #how_much_home_can_i_afford #toronto_real_estate_market #toronto_real_estate_affordability #home_ownership #affordability #who_can_afford_housing_in_toronto #who_can_afford_housing_in_canada #dan_wong #tom_storey #condo_wong #elevate_realty #home_affordability #housing_minister #john_pasalis #move_smartly #john_pasalis_move_smartly #ron_butler #dan_foch #daniel_foch

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