Four reasons why you can’t afford housing

Buying and owning a home in Canada is an endless source of frustration. Many have been priced out, while competition is high as a lack of housing stock runs up against a rapidly growing population. While more homes are needed to alleviate the stress, getting shovels into the ground isn’t as simple as it sounds.

The Globe’s Jason Kirby, Matt Lundy and Mark Rendell recently broke down the reasons behind why most Canadians can’t afford a home right now. Jason Kirby is on the show to explain the not-so-obvious reasons why housing affordability and opportunity is at an all-time low – and whether we’ll be stuck in this expensive loop for generations to come.

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