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Canadian Housing Affordability Hits 27 Year Low

Canadian Housing Affordability Hits 27 Year Low

Authored by Steve Saretsky via VanCityCondoGuide.com,

Nothing says Merry Christmas like a 27 year low for Canadian housing affordability. That’s right, real estate across Canada has not been this un affordable since the year 1990 per RBC. Spoiler alert house prices tumbled shortly thereafter.

RBC Bank released their updated Q3 numbers for housing affordability. To no surprise, Vancouver leads the nation in the most unaffordable market to buy a home. Followed by Toronto and then Victoria.

Ron Paul On Bitcoin: "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"

Ron Paul On Bitcoin: "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"

Ahead of last night's collapse in cryptocurrencies, Ron Paul warned CNBC viewers that they had become an asset thatrivals the bubble he sees in stocks...

"I think it's going to continue to do exactly what it's doing. It's going higher and it's going lower," he said Tuesday on CNBC's 'Futures Now'.

 

"We can look at what's happening now, which to me is a climactic end of QEs."

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