The discussion around housing affordability in Canada, particularly in the media and among some federal officials, focuses heavily on the impact of an interest rate increase and high household debt levels on Canada’s financial stability. In response, federal officials have applied demand-side measures that limit access to homeownership. Only recently has the discussion about housing…
Month: December 2019
Housing Affordability: Where Do We Go From Here?
Throughout the recent federal election campaign, the Canada Home Builders’ Association worked diligently to put, and keep, housing affordability front and centre. All parties addressed housing affordability in some way, often adopting CHBA recommendations in full or in part. The importance of making life more affordable for Canadians was also addressed in the December 5,…