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More Canadians are spending more of their income on housing, as it now takes 63 per cent of the median family income to own a home in Canada, according to RBC Economics. That number is much higher than what most financial experts consider “affordable”: 30 per cent.
The federal government has responded by unveiling a variety of new programs and spending announcements in recent months. But as Mackenzie Gray explains, the factors causing rising costs are not easy to fix.
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#GlobalNews #housing #housingaffordability #housingmarket
The federal government has responded by unveiling a variety of new programs and spending announcements in recent months. But as Mackenzie Gray explains, the factors causing rising costs are not easy to fix.
For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #housing #housingaffordability #housingmarket
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- global news, housing, housing affordability
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