Why it might be several years before homes are more affordable in Canada - BNN Bloomberg
www.bnnbloomberg.ca
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It may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.

It may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.

The math is very simple:

There are more people wanting to buy a house than the number of houses available

Are you talking about Canada explicitly? Cause according to this article there’s about 28 vacant homes per every by homeless person (but this is for the US):

https://unitedwaynca.org/blog/vacant-homes-vs-homelessness-by-city/

@EhForumUser@lemmy.ca
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1Y

A house being vacant doesn’t mean it is available.

@LostWon@lemmy.ca
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It’s similar for Canada.

Quote from 1st link below:

Even more disturbing are the figures comparing vacant homes to the homeless population of a given country. While Canada ranks lower on this list at 13, it is still not a ranking that we should be proud of at all. It would take just 9% of the over 1.3 million vacant homes in Canada to give every homeless person in the country a place to live.

https://betterdwelling.com/new-data-shows-canada-still-has-1-3-million-vacant-homes-some-improvements-seen/

Also of possible interest, a comparison of some major Canadian and US cities:

https://homefreesociology.com/2022/02/15/unoccupied-canada/

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