Housing affordability in Canada has worsened across all markets, reaching record lows, according to a report by RBC. The housing crisis is predicted to escalate without significant reforms, impacting labor markets and productivity. RBC suggests prioritizing construction skills in immigrants to address the crisis.
"As the government puts the final touches on its 2024 budget, it is integral that investments to address labour and skills shortages be a top priority. Canadians, and the world, depend on it," writes Donna Boyd #cdnpoli https://t.co/56F7kIDyna
Canada needs to prioritize construction skills in immigrants to tackle housing crisis, RBC says https://t.co/UyQfUv4S0J https://t.co/FaHXTHe8CK
Posthaste: Affording a home in Canada has never been tougher, with one city in 'full-blown crisis' https://t.co/Zy3RqOkQBk https://t.co/BwDH9qCqij
Opinion: Canada’s housing crunch is hurting our labour markets https://t.co/yOKrNdzMR6
Opinion: Canada has a productivity problem - our young people are the solution https://t.co/lodnqmRyDR
Canada’s housing crisis poised to worsen without major reforms, RBC report says https://t.co/8P9rJv3DCf
#ICYMI Housing affordability worsened in every single market tracked, with some reaching the worst levels of all time, a report from one of Canada’s top banks finds. https://t.co/QfTdjqNmut