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And that’s not the only economic problem we face. The gap between the wealthy and the workers is growing larger and larger. Many Canadians are living paycheque to paycheque. And it’s become increasingly difficult for young Canadians to find good-paying jobs or afford to buy a home. You would think the alarm bells would be…
Tony Stillo, director of economics for Canada at Oxford Economics, joins BNN Bloomberg to discuss housing affordability in Canada. After the country hit a record worst level of unaffordability in Q2 of 2023, he believes that house prices will fall another 10 per cent by early next year, but says home ownership will likely not…
A slowdown in homebuying activity is giving Canada’s housing market time to build up inventory, according to the country’s real estate association. National home sales slowed down 0.7 per cent in July from the previous month, the Canadian Real Estate Association (CREA) said Tuesday. CREA said housing activity has been generally stabilizing from a busy spring as the Bank of Canada resumed…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
