Mortgage Expert alert: Why Canadian housing seems unaffordable in 2026: A 35-year real estate disconnect
The dream of home ownership in Canada appears distant in today’s mathematical reality. Housing costs account for nearly 30% of household income. Older generations survived 12–18% interest rates in the 1980s and early 1990s. At the time, home prices equaled two or three years of household income. In today’s market, buying a home feels like embarking on a lifetime of debt.
This is an in-depth study on what it housing really has been costing us over the last 35 years. I looked at average rents, average incomes, average mortgage payments, average mortgage payments over the last 35 years. Continue reading..
I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.
Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.
Steve Garganis: 416-224-0114; steve@canadamortgagenews.
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As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.