The issue is specific to certain locations. Here's a research report authored by the largest bank in Canada on the point: http://www.rbc.com/newsroom/_assets-cu

The issue is specific to certain locations. Here's a research report authored by the largest bank in Canada on the point: http://www.rbc.com/newsroom/_assets-custom/pdf/20171221-ha.pdf http://www.rbc.com/newsroom/_assets-custom/pdf/20171221-ha.p... Ownership costs in Vancouver and Toronto are sitting well north of 75% of the median income for individuals in those areas. This isn't a made up issue caused by young kids eschewing spendthrift habits and buying all them dang newfangled iPhones rather than investing in equity building houses. It is an issue with the ratio of home prices to local median incomes.