In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

Under Mark Carney’s Liberal government, the CMHC has quietly redefined ‘housing affordability’ to no longer mean 30% of income, but “perhaps 40-45% … [and] over 50% of income by 2035”.

  • teppa@piefed.caEnglish
    13·
    2 days ago

    The government building it doesn’t make something affordable, the supply relative to demand does. Harper had 1/3 the immigration, thus housing was affordable.