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.
Categories
Recent Posts
Price on Oakville semi trimmed to adjust to slower market
CMHC gives up on goal to reduce prices to 2004 levels, the Home of the Week and more top real estate stories
Large Vancouver condo with a special view gets its asking price
B.C’s rental protection fund a template for federal version
A Toronto home, steeped in childhood memories, is redesigned into finely crafted luxury
Best of nine offers on revamped semi in High Park North goes $196,000 over asking
North York luxury home sells by keeping under $4.5-million mark
Brothers hire Montreal design studio to remake each of their homes
Toronto needs 32,000 more homes a year just to get back to prepandemic affordability, CMHC says
Growing number of renters are waiting for home prices to decline further before buying, report says
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "