Tag Archive: affordability


Reminder to Politicians: Fuel Supply, Not Demand

As Canada’s federal election approaches, all the major parties are in vote-buying mode. The carrot they’re dangling in front of young homebuyers these days is buying power (more of it). That’s their “solution” to a problem they can’t quickly fix: high home prices. But the International Monetary Fund (IMF) is calling them out. The IMF, which is notorious for its...

Affordability Crisis? Not Yet, RBC

“RBC’s affordability measure hasn’t been this bad since 1990.”—RBC Economics That’s according to RBC’s “Housing Trends and Affordability” report, which is making headlines across the country as we speak. But if you’re house hunting and terrified you won’t get a mortgage, don’t soil your trousers just yet. There’s a devil in RBC’s details. It’s the mortgage rates they assume in...