Many Canadians struggle to purchase a home—and with good reason. According to the most recent report from the Organization for Economic Co-operation and Development (OECD), Canadian house prices rose 22% faster than income in 2018. In fact, Canada had the highest house price to income ratio in the world. That same year, the average annual increase in the Consumer Price Index (CPI), which measures hundreds of items including food, utilities, clothing and appliances, was only 2.3%.
It has become challeng...
read more