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”.
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.