vancouver housing affordability
Borrowers should make sure they can handle a hike in interest rates.
The most basic economic principle is, when there is a rise in demand, the invisible force of supply will kick in, and this is how economic growth is generated. For those who want to blame the housing crisis on immigrants, let's think about how our economy would look like if B.C. or Canada did not have the intake and growth brought by immigrants.
And a housing crash won't fix it.
Some students live in university dorms. Others own luxury homes.
"They're not going to come down that much.''
Is upgrading to a bigger home just a pipe dream these days?
Affordability in Toronto is at a quarter-century low.
Luxury. Yes. This.
Pass the tissues.
"The goal is to support those living in parts of the province that have seen skyrocketing real estate prices."