When Will Housing ACTUALLY Be Affordable Again? (The Answer is Alarming)

Housing affordability may not be coming back anytime soon and I have the numbers to prove it. The latest income and home price data show just what it will take to restore affordability and how long it will take.
In this video I break down:
Home much worse affordability has gotten in the past 20 years (since 2005)
What it would actually take, in price growth or decline to get back to 2005 era levels
Why Stagnant prices alone won't fox this for over a decade
and, What the government's own housing models say about realistic timelines and how they've already moved the goalposts.
#realestate #news #investing

Links/references:
https://www.statcan.gc.ca/en/subjects-start/income_pensions_spending_and_wealth

https://housing-infrastructure.canada.ca/bch-mc/index-eng.html

https://www.cmhc-schl.gc.ca

https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/canadas-housing-supply-shortages-a-new-framework


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/hard-money-for-real-estate-deals-what-you-need-to-know