immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Estate: Housing Affordability and Cent

estate: B.C. real estate Full coverage including reports, interactive map When broken down into homeowners and renters, it appears those who don't own are feeling the most stressed, according to CTV. Ninety-three per cent of renters cited a negative impact. A recent survey conducted by real estate listings site Zoocasa suggested nearly 84 per cent of Canadians say housing affordability is negatively impacting them. Still, 80 per cent of those who own said the same. Looking at all 1,300 people polled online in September, nearly all agreed that the cost of buying a home is rising faster than income. Of those homeowners, two-thirds said they felt they couldn't afford the home they currently live in if they had to buy it today, and about half said they felt their housing costs since buying have increased faster than their salaries. (www.immigrantscanada.com). As reported in the news.