3 ms·
Probably the biggest poverty problem with Canada is the cost of housing. All of BC & large parts of Ontario has horribly out of wack housing affordability rati
by novok 8y ago
Probably the biggest poverty problem with Canada is the cost of housing. All of BC & large parts of Ontario has horribly out of wack housing affordability ratios. The average across Canada is %50 of income going towards housing cost, which means people are not saving as much for their future retirements.
http://www.rbc.com/newsroom/reports/rbc-housing-affordability.html http://www.rbc.com/newsroom/reports/rbc-housing-affordabilit...
- lwansbrough 8y agoA lot of that (most?) has to do with (illegal) foreign influence. Especially in Metro Vancouver, where illegal money laundering schemes that heavily impact the housing markets (that appears to be where the money is invested) exceed a billion dollars annually. It’s an issue that’s finally getting some attention beyond anecdotal “the Chinese own everything in Vancouver”.