Ask anybody under 35
If affordability is to return to the housing market?
With some markets seeing the average cost of a home jump by more than 100% – means there’s little chance of restoring housing affordability
“Once we increase the rate of homebuilding as a country, then that is going to make home prices much lower than they otherwise would be, but that’s a medium-term effect,” Mark Carney’
So that’s the demographic that got them elected, and they do have to tread carefully about saying, ‘Yes, house prices need to come down.
Go talk to a first-time homebuyer or anybody under the age of 35 and ask them where home prices need to go.
Carney government unveils ambitious housing platform.
Among those plans are a vow to double the pace of home construction, hitting a clip of nearly half a million homes a year, and earmarking $10 billion in low-cost financing and capital for builders of affordable homes.
Full Read:
- https://www.mpamag.com/ca/mortgage-industry/industry-trends/canada-affordability-debate-ask-anybody-under-35-where-home-prices-need-to-go/537015?hsmemberId=624931&tu=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_campaign=&utm_medium=20250527&_hsenc=p2ANqtz-99nW3AxiXVozwxBmRnJjGvSR68CI-AzQTVPD3D3Tw0iY_m4P2hiawrumXeRKW3D6x12LCllpwMpz5JAZTxO7fFiNCWj0QstogvlLe6rakm_lEkEUs&_hsmi=363436627&utm_content=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_source=