Ottawa housing market ranked as 'severely unaffordable' in global survey

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A new global report finds Ottawa's housing market is 'severely unaffordable' a residents continue to struggle with the high cost of buying a home.

A new home is displayed for sale in a housing development in Ottawa on Tuesday, July 14, 2020. A new global report finds Ottawa's housing market is 'severely unaffordable' a residents continue to struggle with the high cost of buying a home.

Toronto and Vancouver were ranked as the most unaffordable cities in Canada. Toronto scored 9.3 and ranked 11 on the housing unaffordability list and Vancouver scored 12.3 and ranked third on the list. "In contrast, there had been no deterioration in housing affordability in Toronto from 1971 to 2004 --- more than three decades."

Nearly 90 per cent of the cities in the study did not fall into the highest rank of “impossibly unaffordable,” but none of the 94 cities scored below three, the cut off to be deemed “affordable."Heat warnings to last into the weekend for some provinces The Trooping the Colour marked the first public outing this year for the Princess of Wales, who has not been seen at any official royal engagements since December 2023. We now know that was due to abdominal surgery and preventive chemotherapy, with no return to public life anytime soon. But the Princess of Wales chose this occasion to soft launch her return to royal life, and it was eagerly anticipated.

 

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