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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

Prices are falling, so why is there no new affordable supply of homes? (The Hub)

Across much of Canada, home prices and rents have fallen in recent years. For households that have spent years on the outside looking in, that should be cause for relief. However, home prices in much of the country remain at levels that make it impossible for middle-class families to afford a mortgage. And while prices have fallen, the cost to build new homes remains stubbornly high.

In many markets, the total cost of construction now exceeds what families are willing, or able, to pay. That gap has left us with a market where homes are both unaffordable to buyers and economically unviable to build ...

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