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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

CMHC lowers affordability target as home prices continue to soar (Western Standard)


Canada’s federal housing agency is redefining what affordability means in light of soaring home prices, warning Canadians not to expect a return to conditions seen a generation ago.

In a report, the Canada Mortgage and Housing Corporation said the goal of restoring housing affordability will now be measured against prices just before the pandemic rather than those from 20 years ago.

Blacklock's Reporter said the change reflects how far out of reach home ownership has become for many Canadians ...

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