Tariffs and the spring housing market – hard on boomers, helpful for young buyers

With a trade war at hand, housing affordability seems like a lower-tier economic problem.

But the high cost of housing relative to income grinds away on aspiring young buyers, tariffs or no tariffs. A generation is starting to lose faith in Canada as a place to live and prosper.

The latest RBC Housing Affordability bulletin said that although trends are heading in a positive direction across the country, affording a home remains a stretch for average Canadians.