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Housing Affordability

Canada needs "a big surge of supply" to stop runaway house price growth, and that might happen when the pandemic ends.
The number of condos for sale has quadrupled in the space of a few months, and many more are on the way.
And now the Bank of Canada is putting "kerosene on the fire" with interest rate cuts.
Canada's priciest cities are growing even less affordable for their populations.
CMHC's program to help first-time buyers has seen little interest.
But Toronto housing has become less affordable than London, San Francisco and Silicon Valley.
The relatively quiet corner of B.C., popular with Canadian and U.S. retirees, could be a new destination for jet-setters.
A slow real estate market turned hot this year, as politicians promised help for homebuyers.
Mortgage payments were the single largest contributor to the rise in consumer prices over the past year.