Where The Parties Stand: The Housing Crisis
The Big Story
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The Housing Crisis in Canada
The housing crisis in Canada is a regional one, says Mike. In the prairie provinces, house prices have remained fairly reasonable. But across the rest of the country, we've seen house prices go up by about forty to forty five%. We've got parts of southern ontario which have seen prices almost triple in the last six years. So this is an affordability crisis. It's a very difficult situation for any person who doesn't currently own a home and would like to get into the market.
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