Quote:
Originally Posted by Fuzz
I'm not sure you can compare affordability without looking at wage growth. Has it also matched inflation? Other costs, too, like mortgage rates, taxes, insurance etc. But then there are more affordability programs to help out now. I honestly don't know the answer across all costs, but I suspect it is less affordable now.
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The last time we had this discussion median family income in Calgary was large enough to support the median family SFH within CMHC purchasing limits. Interest rates are down since that time. So my conclusion is housing is still affordable in Calgary.
People here think they are in the Crisis that Vancouver and Toronto had. It isn’t comparable.