There is no solving housing unaffordability in Canada until we are clear about when the housing market is healthy, and when it is not.
is driven by investment in machinery, equipment and intellectual property. It is not driven by borrowing to bid up the price of already-built homes, asSure, many homeowners may think the housing market is “strong” when prices rise. I have regularly shared that my home has increased in value by more than a million dollars, improving my personal finances tremendously.
Such clarity is critical to making it politically safe for politicians to continue to implement housing policies that will help slow down home prices, and give earnings a chance to catch up over the long term.
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