MONTREAL ― If millennials are right about the state of their finances, there’s a big change coming to how Canadians live. After years of elevated and seemingly constantly rising house prices, barely half will be able to afford a home of their own. KPMG’s consultants aren’t the only ones warning that, with house prices where they are, Canada is headed towards being a country of renters. And that means the country will need more rental housing, as a share of all housing, than it has had in the past. We are headed deeper into a housing crisis in the big three (cities),” Kenney told the Toronto Real Estate Forum earlier this month.

Source: Huffington Post December 15, 2019 17:15 UTC