Housing Is Too Expensive

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The housing slowdown is hardly surprising: On one side we have the Canadian Real Estate Association telling us that the average price for a house sold in Canada is about $314,000

(www.crea.ca/public/news_stats/statistics.htm).

On the other hand we have Statistic Canada telling us that the average Canadian salary is $28,500.

It’s pretty simple to draw the conclusion that the real-estate market has priced itself out of budget for the average Canadian.

Author: Michel Trahan
Source: http://www.canada.com/montrealgazette/news/letters/story.html?id=2b7c4ab2-5780-4c44-9a04-ae289dcc76af

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