''Affordability is really the main driver and I don't expect that to change so long as we're facing a high cost of living.'
One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crisis. One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch.
The push to consider alternative home ownership models comes amid extremely low affordability housing in Canada. Higher interest rates, strained housing supply and surging population growth have resulted in stubbornly high home prices, as well as rising rents across the country. "Affordability is really the main driver and I don't expect that to change so long as we're facing a high cost of living," Alexander said.
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