From REPMAG Canada - Will new PM stick to housing promises?

Will new PM stick to housing promises?
by Steve Randall

Canada’s new federal government will now be expected to deliver on a raft of election promises, including those on affordable housing.

Justin Trudeau made this promise a month ago: “Safe, adequate, and affordable housing is essential to building strong families, strong communities, and a strong economy.

"We have a plan to make housing more affordable for those who need it most – seniors, persons with disabilities, lower-income families, and Canadians working hard to join the middle class.”

Liberal.ca details the pledges made by the party that is now empowered to enact them; “significant new investments in affordable housing;" “tax incentives to increase and substantially renovate the supply of rental housing across Canada;” a review of government-owned land to see if it can be used for affordable homes; a modernized Home Buyers’ Plan; and a review of “escalating home prices in high-priced markets – like Vancouver and Toronto – to keep homeownership within reach for Canadians living in these areas.” 

Over to you Mr Trudeau…

Are you earning enough to buy a house?

Here is an interactive map of the price of housing across Canada. You can click on the cities and see how much the average house is and what you would need to earn to purchase it.


Highest West Van - $1.7 million purchase price and  $320,000 income
Lowest Trois Rivieres - $160, 064 and $39,379 income

With a spread like this you can see why it's hard to generalize about the "Canadian Housing Market".

Take a look HERE