Part 4/10:
Historically, affordability in Canada has fluctuated. A look back to 1981 reveals a median home price of roughly $70,000 in Toronto—a stark contrast to current figures where housing prices hover around 12 times the median income. The contrast between regionally segregated economic growth becomes more evident upon examination: areas like Calgary are seeing improved affordability, while larger metropolitan regions struggle under the weight of inflated housing costs.