Housing affordability is a growing issue in Canada, and was a hot topic in the recent elections. Average home prices are up 13% compared with this time last year - but incomes haven't kept up.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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Crikey! We think that we've got an issue with housing affordability. Well, watch this clip about the Canadian housing market, where buying a house in its major cities requires nearly 30 years of saving 10% of the median income.
It's a lovely example of a market that's currently failing - largely as a result of insufficient supply.