1.0Canadian Centre for Economic Analysishttps://www.cancea.caPaul Smetaninhttps://www.cancea.ca/index.php/author/paul/rich600338<blockquote class="wp-embedded-content" data-secret="WzsHFvkxB1"><a href="https://www.cancea.ca/index.php/2024/01/05/macroeconomic-consequences-housing-unaffordability/">Macroeconomic Consequences of Unaffordability and Core Housing Need</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.cancea.ca/index.php/2024/01/05/macroeconomic-consequences-housing-unaffordability/embed/#?secret=WzsHFvkxB1" width="600" height="338" title="“Macroeconomic Consequences of Unaffordability and Core Housing Need” — Canadian Centre for Economic Analysis" data-secret="WzsHFvkxB1" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://www.cancea.ca/wp-content/uploads/2024/01/Macroeconomic-Consequences-of-Unaffordability-and-Core-Housing-Need-2024.png646791Analysis Prepared by CANCEA on behalf of CMHC Overview The issue of housing affordability in Canada is intensifying, affecting households nationwide. One in ten households faced core housing needs in 2021, primarily due to poor affordability – defined as spending over 30% of pre-tax income on shelter. This trend poses significant risks to financial stability, … Read More »