Why Canadian homes are more unaffordable than ever - GIC Wealth Management

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For Your Information Why Canadian homes are more unaffordable than ever

Why Canadian homes are more unaffordable than ever

Low interest rates are a form of economic junk food. It’s true in the housing market, where low rates have glossed over a striking decline in affordability in the past two decades. A sustainably strong housing market is based on fundamentals like a reasonable match between growth in incomes and home prices, not the economic equivalent of fat and salt.

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