Real Estate
Home Prices in Canada Are So Stretched That Even Owners Want Them to Fall
- Residents urge more building; 12% say immigration curbs needed
- Mortgage payments consume a huge share of household income
Homes in Toronto, Ontario.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to improve affordability for others.
Some 70% of respondents said they would be happy (40%) or somewhat happy (30%) to see home prices go down, says the poll conducted by Nanos Research for Bloomberg News.