this post was submitted on 22 Jun 2023
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FTA: The unaffordable cities:

1- Richmond Hill, ON
2- Oakville, ON
3- Markham, ON
4- Vaughan, ON
5- Richmond, BC
6- Vancouver, BC
7- Toronto, ON
8- Milton, ON
9- Whitby, ON
10- Coquitlam, BC
11- Burlington, ON
12- Brampton, ON
13- Mississauga, ON
14- Burnaby, BC
15- Ajax, ON
16- Surrey, BC
17- Langley, BC
18- Oshawa, ON
19- Saanich, BC
20- Kelowna, BC
21- Abbotsford, BC
22- Guelph, ON
23- Hamilton, ON
24- Waterloo, ON
25- Cambridge, ON
26- Barrie, ON
27- Kitchener, ON
28- Ottawa, ON
29- London, ON
30- St. Catharines, ON
31- Montreal, QC
32- Windsor, ON
33- Kingston, ON
34- Halifax, NS
35- Greater Sudbury, ON
36- Longueuil, QC

And the affordable cities:

1- Edmonton, AB
2- St. John's, NL
3- Regina, SK
4- Saguenay, QC
5- Trois-Rivières, QC
6- Quebec City, QC
7- Lévis, QC
8- Winnipeg, MB
9- Saskatoon, SK
10- Gatineau, QC
11- Calgary, AB
12- Sherbrook, QC
13- Terrebonne, QC
14- Laval, QC

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[–] [email protected] 13 points 1 year ago (11 children)

We're a dual income family making well over the average income for our area and we're not even fucking close to being able to afford a house. 2 BDRM duplex with no property around the corner from us is going for nearly $700,000, and we're two hours from Toronto.

At some point the bottom has to fall out.

[–] [email protected] 10 points 1 year ago (3 children)

The bottom will not fall out unless some very drastic policy changes are made. Those policy changes won't be made until ownership rates drop significantly (they're still very high, around 65%)

What we'll see is a plateau instead, where rates can't go higher simply because not enough people can afford them, but we won't see a drop either.

[–] [email protected] 5 points 1 year ago (1 children)

I agree. As long as the majority of voters live in houses, it'll stay the same. Homeowners will vote in favour of their own self-interest. Constrained supply means increased demand and higher prices.

[–] BruceDoh 5 points 1 year ago

Seems irrelevant to a single property owner though, unless you have an escape plan. Especially if you have a mortgage and stand to take a big hit when interest rates go up.

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