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”.
Carney does not run the CMHC.
He did hire housing ministers that ballooned Vancouver real estate however, who also says that housing prices shouldnt come down because its boomers retirement fund.
Lolwut?