ZCAN - Canada's Unaffordable Housing Comes With Long-Term Financial Drag

• The price of the average Canadian home hit $816,720 in February, its highest level on record (Canadian Real Estate Association).
• The $816,720 average selling price is up 20 percent compared to last year’s level. In the most populated areas of the Greater Toronto and Vancouver areas, the average selling price exceeded $1 million.
• The average house price divided by disposable income is a precarious 23 in BC and Ontario. Many have necessarily given up on homeownership dreams.

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