‘Extremely stressful for Canadians’: Housing affordability unlikely to improve anytime soon, RBC says

[shockedcanadian]

Our Police State is going to collapse. The corruption and nepotism is broad and vast, especially in Ontario while we lose our best talent.

Imagine being America and having losers in your country try to emulate our dying system unfit for competition in 2024 and beyond?



"Canada must grow housing supply ‘like never before,’ act ‘quickly and forcefully’ to address housing crisis, according to new RBC report."

‘Extremely stressful for Canadians’: Housing affordability unlikely to improve anytime soon, RBC says

Canada must grow housing supply ‘like never before,’ act ‘quickly and forcefully’ to address housing crisis, according to new RBC report.

www.thestar.com

A new report by RBC Economics titled “The Great Rebuild” shines light on possible solutions to the supply and affordability crisis facing Canada’s housing market.

By 2030, more than half — one million of 1.9 million — new households will not be able to afford a home, according to the report.
“If we don’t act quickly enough and forcefully enough, there’s going to be some tremendous stress on certain types of housing,” particularly rental housing, said Robert Hogue, chief economist at RBC and co-author of the report.


“We’re already seeing it today with exceptionally low rental vacancy rates. It’s extremely stressful for many Canadians.”

How did we get here?​

Historically overheated markets, a perfect pandemic storm of low interest rates and government aid, and soaring immigration levels, all of which fuelled demand, have pushed home prices to record highs.

 

[two_iron]

You need to get rid of Castro's fuckwad that seems to have a lower approval rating than our Josef Stolen.... if that's even possible.

 

[shockedcanadian]

You need to get rid of Castro's fuckwad that seems to have a lower approval rating than our Josef Stolen.... if that's even possible.

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His contribution to this is not cutting the RCMP budget. He would be wise to do so. Canadians from coast to coast want budget cuts to run amok, unaccountable covert police forces, but like illegal immigration in the U.S, it doesn't matter what citizens want.