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> Something that came up on the news today, probably not surprising
> the list of countries and income vs housing costs, Canada came in
> 2nd last out of dozens of countries. Some like France are actually
> more affordable now than they were 10 years ago. They somehow came up
> with percentage figures and they said Canada was 38% less affordable
> than in 2015. What surprised me a bit was that the USA was not a
> huge amount better at 30%, although your rank wasn't given.

I suspect, although I am not certain, that this is because
people/banks/companies are/were buying up residential property as if it
were a speculative investment and not because they were going to live there.

I may not be explaining that exactly right, but I suspect that is part of
the reason that the property market has become less affordable for the
average "I want to live in that home" buyer.

Mike


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