Under Mark Carney’s Liberal government, the CMHC has quietly redefined ‘housing affordability’ to no longer mean 30% of income, but “perhaps 40-45% … [and] over 50% of income by 2035”.
Under Mark Carney’s Liberal government, the CMHC has quietly redefined ‘housing affordability’ to no longer mean 30% of income, but “perhaps 40-45% … [and] over 50% of income by 2035”.
Wow, this is big. I mean, I didn’t think things were going to get any more affordable, but this deepens my belief in that prediction quite a bit. “Over 50% by 2035” sounds like a fiefdom, because people got a lot more bills than rent/housing - or at least that’s my oldthink perspective lol. It’s also sobering that this report was published in June and failed, insofar as I know, to make any splash in any Canadian mainstream news. I’m grateful for the Fediverse
Honestly I only went and looked for the report because of a post on Bluesky by Peter Julian.
That said, this post seems to have already gotten more reach than a
sittingformer MP’s did on that platform, so you’re right about the fediverse!Regardless, I agree it should be much bigger news.
Oh, was Peter Julian voted out this last election? Damn I don’t live there anymore but that’s a shame.
Lotta great NDP MPs lost their ridings, really sucks. Matthew Green lost here in Hamilton Centre too, so disappointing
What you dont understand about the plan to financially repress the youth by ballooning home values via mass immigration is that Brookfield has a large residential real estate portfolio, which will fall in value if home prices fall.
I hope this helps.