Affordable housing increasingly illusory in Vancouver, Toronto
These data point to stark and growing disparity between incomes and housing prices since 2005, far outstretching a related but less pronounced trend in the rest of the country.
Marc Lavoie
Marc Lavoie is Professor in the Department of Economics at the University of Ottawa and Broadbent Institute Policy Fellow. This research was financed by a grant that Mario Seccareccia and Marc obtained from the Institute for New Economic Thinking (INET).
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Cost of home today is double the amount in weeks of labour time compared to 1970s
Are residential properties becoming less affordable over time, and as a result less accessible or plausible for those with lower- or median-incomes?
