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Canadian Housing Affordability Hits 27 Year Low

Authored by Steve Saretsky via VanCityCondoGuide.com, Nothing says Merry Christmas like a 27 year low for Canadian housing affordability. That’s right, real estate across Canada has not been this un affordable since the year 1990 per RBC. Spoiler alert house prices tumbled shortly thereafter. RBC Bank released their updated Q3 numbers for housing affordability. To […]


Mark Hanson Warns, Housing Affordability Never Worse… By A Long-Shot

Authored by Mark Hanson via MHanson.com, Bottom Lines:  The income required to buy a median priced builder house has been more diverged from fundamental, end-user, mortgage-needing, shelter-buyer cohort income (purchasing power), which is why builder demand and end-user resales remain anemic.   Meaningful sales growth with this affordability backdrop is impossible. A mean reversion – […]