Why our kids have to work so much longer to afford a home

The Globe and Mail

Michael Babad -  

What it takes to buy a home

To twist an old saying, it’s not your parents’ housing market.

The cost of buying a home, in terms of how much you have to work, has surged, according to a novel new study by a University of Ottawa economics professor.

“This affordability challenge has grown for nearly a decade,” Marc Lavoie said in the report published today by the Broadbent Institute.

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