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I can see believing that if you're only familiar with Vancouver, Toronto, and Montreal. You might find it surprising to hear that there are many other vibrant
by zzalpha 9y ago
I can see believing that if you're only familiar with Vancouver, Toronto, and Montreal. You might find it surprising to hear that there are many other vibrant urban areas in Canada that have jobs without the absurd housing costs.
- mistermann 9y agoAre you asserting that the housing affordability index is unchanged in most of Canada in the last 20 years?
- zzalpha 9y agoI'm saying your claim that "people increasingly can't afford to live in the cities" is an easily refutable, broad stroke statement that fails to acknowledge regional nuances. The same would be true of any single, monolithic measure that attempts to quantify such a claim. Moreover, if you take the time to drill into the actual numbers, you'll find housing affordability is about average relative to historical figures (in terms of percentage income spent on housing) in most urban areas, with the exception of a few major centers (Vancouver, Montreal, Toronto) that are pulling up the national average: http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/house-jun2016.pdf http://www.rbc.com/economics/economic-reports/pdf/canadian-h...
- mistermann 9y ago> is an easily refutable, broad stroke statement that fails to acknowledge regional nuances While it does vary by region, according to this we are at a 20 year high nation wide. I guess it all depends on which propoganda you read. http://business.financialpost.com/real-estate/rbc-says-housing-affordability-measure-worst-since-1990-toronto-hits-poorest-level-ever http://business.financialpost.com/real-estate/rbc-says-housi... "Home affordability in Canada worst in almost 30 years, Toronto’s worst ever, says RBC"