It may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.
It may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.
The math is very simple:
There are more people wanting to buy a house than the number of houses available
Are you talking about Canada explicitly? Cause according to this article there’s about 28 vacant homes per every by homeless person (but this is for the US):
https://unitedwaynca.org/blog/vacant-homes-vs-homelessness-by-city/
It’s similar for Canada.
Quote from 1st link below:
https://betterdwelling.com/new-data-shows-canada-still-has-1-3-million-vacant-homes-some-improvements-seen/
Also of possible interest, a comparison of some major Canadian and US cities:
https://homefreesociology.com/2022/02/15/unoccupied-canada/
A house being vacant doesn’t mean it is available.