Why it might be several years before homes are more affordable in Canada - BNN Bloomberg
www.bnnbloomberg.caIt 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.
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Those houses could cost 5% of what they cost now and rent would be the same, because people will pay it.
I’m not talking about individual houses. I’m talking about condos that easily cost more than the land they’re built on so they can maximize profits.