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   MSGID: 708.canada@1:2320/105 2c287227   
   REPLY: 706.canada@1:2320/105 2c28649c   
   PID: Synchronet 3.20a-Linux master/acc19483f Apr 26 202 GCC 12.2.0   
   TID: SBBSecho 3.20-Linux master/acc19483f Apr 26 2024 23:04 GCC 12.2.0   
   BBSID: CAPCITY2   
   CHRS: ASCII 1   
   > Something that came up on the news today, probably not surprising   
   > the list of countries and income vs housing costs, Canada came in   
   > 2nd last out of dozens of countries. Some like France are actually   
   > more affordable now than they were 10 years ago. They somehow came up   
   > with percentage figures and they said Canada was 38% less affordable   
   > than in 2015. What surprised me a bit was that the USA was not a   
   > huge amount better at 30%, although your rank wasn't given.   
      
   I suspect, although I am not certain, that this is because   
   people/banks/companies are/were buying up residential property as if it   
   were a speculative investment and not because they were going to live there.   
      
   I may not be explaining that exactly right, but I suspect that is part of   
   the reason that the property market has become less affordable for the   
   average "I want to live in that home" buyer.   
      
   Mike   
      
      
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