𝗕𝗡𝗡 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗜𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄: I had the pleasure of discussing our research on housing unaffordability with BNN on Friday. In Canada, the home price-to-disposable income ratio 𝘀𝘂𝗿𝗽𝗮𝘀𝘀𝗲𝗱 𝟵 𝗶𝗻 𝟮𝟬𝟬𝟵 and has remained above that level ever since—unlike in the U.S. and U.K., where it hasn’t exceeded 9 in the past 50 years.

𝗙𝗶𝗻𝗱 𝗼𝘂𝘁 𝗵𝗼𝘄 𝘁𝗵𝗶𝘀 𝘀𝗵𝗶𝗳𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱