Canadians Abandon Home Ownership Thanks to Mortgage Restrictions

Housing affordability is enormously out of wack compared to our parents' generation.

My parents' house in Quebec :

In 1971, they paid $63,000 ( ~$400,000 today) to build a new 4 bedroom, 3 bathrooms, double garage, home office, living room, family room, dining room, double size kitchen on a 160 feet wide and 200 feet deep lot... (see screenshot). (The pool is 20' wide by 40' long)

Their latest evaluation puts the price of their house between $800,000 and $1 million today...

So based on that, we can assume that the price of housing is more than double what inflation say it should be... Remember, that house is practically 50 year old today...

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