Part 1/10:
The Affordability Crisis in Canada: An In-Depth Analysis
Canada is often perceived as a wealthy nation, yet recent trends suggest a deepening affordability crisis affecting many Canadians. With the average household income in a city like Toronto resting at $91,000 before taxes and hover around $50,000 after taxation, many are left grappling with how to make ends meet. In a climate where housing costs are skyrocketing and the cost of living is rising faster than incomes, we must dissect what is happening to the Canadian economy and its citizens.