this post was submitted on 08 Jan 2025
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[–] phoenixz@lemmy.ca 2 points 23 hours ago (1 children)

To say I'm not impressed with housing is a real understatement

Housing in Canada is just insanely unaffordable. I have a salary well over twice the average here in Canada and I can barely afford the 450sqft apartment I'm living in.

You should not have to spend more than 25-30% of your income on housing, but even withy income I spend a good 50%, it's insane

With that in mind its very understandable to see people in their 60's still living with roommates while having two jobs because they simply can't afford to live here

[–] wise_pancake@lemmy.ca 2 points 19 hours ago (1 children)

Yep, I agree. Housing has been nothing but bad policy. The only good policy was the mortgage stress test they added. Arguably that saved our bacon during the interest rate hikes.

[–] saigot@lemmy.ca 2 points 11 hours ago

I think the housing design catalogue thing is pretty good, although we haven't seen it takes effect yet.

I also think the foreign home buyer ban, while far from perfect has cooled the market a little bit.