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February 14, 2024 | What It Means To Restore Home Affordability in Canada

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

To restore Canadian home affordability to historically sustainable levels, prices need to halve, incomes double or some combination of both. All options are painful in the short to medium term for asset prices, the leveraged and Canada’s real estate-concentrated economy.

Charles St. Arnaud, Chief Economist at Alberta Central and former economist at the Bank of Canada, joins BNN Bloomberg to discuss what it means to restore affordable housing for Canadians, after recent data from Alberta Central shows housing affordability in Canada is at its lowest in 40 years. Here is a direct video link. 

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February 14th, 2024

Posted In: Juggling Dynamite

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