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Drew Barnes on Muck Rack

Drew Barnes

As seen in: Edmonton Journal, Sail-World, Medicine Hat News, Western Standard, Yachts and Yachting, Alberta Views, The National Telegraph
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tidalcycles/strudel: Kuchengabel

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By Alex McLean, Bernhard Wagner, Bradford C. Powell, Ámbar Tenorio-Fornés, Matthew Kaney, Jack Armitage, Puria Nafisi Azizi, Richard Julian, Stephen Wolff, Drew Barnes, Oscar Byrne, Felix Roos, Jade Rowland, Raphaël Forment, Alexandre G.-Raymond, Vasilii Milovidov, Kaspars Jaudzems, Ian Clester, Chiaki Uehira, Michael Gogins, Julien Bouquillon, Mike Hodnick, Stephan Renatus
| zenodo.org
DOI 10.5281/zenodo.10553352 Markdown [![DOI](https://zenodo.org/badge/DOI/10.5281/zenodo.10553352.svg)](https://doi.org/10.5281/zenodo.10553352) reStructedText ..
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Barnes: If You Want To Solve Canada’s Housing Crisis - Let The Free Market Work

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By Drew Barnes
| The National Telegraph Verified
Canada is not just facing a looming housing crisis; we’re in the middle of one. According to the Canada Mortgage and Housing Corporation, housing is considered affordable when if it costs less than 30 percent of a household’s pre-tax income. As of this January, a homebuyer who purchases an average home faces monthly mortgage payments of more than $3,600. This means that the average household who buys today must spend 48.3 percent of their income on housing. The problem is a lack of supply.
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Barnes: If You Want To Solve Canada’s Housing Crisis - Let The Free Market Work — The National Telegraph

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By Drew Barnes
| The National Telegraph Verified
If we’re going to solve this problem we need to understand how we got to this point, because the affordability crisis we face today is largely a self-inflicted state of affairs. According to the CMHC, the last time housing was considered affordable across Canada was in 2003-04. To put that in perspective, that was the last time the Calgary Flames advanced to the Stanley Cup finals, 20 years ago.
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