For years, Canadian politicians have been debating how they will handle the housing crisis in Canada. If you neither own a home nor really pay attention to politics, you\u2019ll be wondering what exactly it means for a country to have a housing crisis.\u00a0The housing crisis itself is\u00a0pretty straightforward \u2013 what isn\u2019t straightforward is how to solve it. Let\u2019s get into this issue.<\/p>\n
The Issue<\/strong><\/p>\n On the one hand, we have rising costs of living, including not only home ownership but also rent, utilities, etc. On the other, we have people coming into\u00a0different parts of\u00a0the country who are able to buy\u00a0houses and are contributing to\u00a0the\u00a0rising costs of housing\u00a0all across the country.\u00a0Despite the fact that there are\u00a0people who can afford homes, there are many for whom the majority of their paycheck goes to their rent or paying their mortgage.<\/p>\n Ultimately, what a housing crisis refers to is\u00a0that the cost of housing\u00a0is\u00a0more than the income of Canadians.\u00a0On top of this, the population continues to grow, demand for housing goes up, and so do the costs.<\/p>\n The Answer<\/strong><\/p>\n The answer seems simple \u2013 make the cost of housing proportional to the income of Canadians. However, it\u2019s\u00a0not that easy.\u00a0For one,\u00a0provincial\u00a0and municipal\u00a0bodies diverge on how to handle demand for housing; this is because there are many who are choosing to move to Canada, and likely not enough housing for everybody. Currently, the population is\u00a038 billion people,\u00a0but this is expected to rise to\u00a046.5 million by 2043.\u00a0Where is everyone going to go?\u00a0And how are we going to build \u2013 upwards, or outwards?<\/p>\n At the\u00a0provincial government\u00a0level, officials\u00a0would be comfortable with building upward, but municipalities are aware that skyscrapers may be uncomfortable and irritating to\u00a0neighbors, and are unwilling to\u00a0aggravate them\u00a0and place added strain on themselves dealing with complaints. Places such as Winnipeg, however, have started to extend their borders and are building out instead of up, as they have also had a surge in their population.<\/p>\n So, what does Canada\u2019s housing future look like? It\u2019s impossible to know for sure, one can only guess. What we do know is, if you need help reducing your home-related expenses, we can help you when it comes to\u00a0your furniture.\u00a0Please contact us at\u00a0the JRCC Furniture Depot\u00a0if you need help, we\u2019ll be happy to help you.<\/p>\n","protected":false},"excerpt":{"rendered":" For years, Canadian politicians have been debating how they will handle the housing crisis in Canada. If you neither own a home nor really pay attention to politics, you\u2019ll be wondering what exactly it means for a country to have a housing crisis.\u00a0The housing crisis itself is\u00a0pretty straightforward \u2013 what isn\u2019t straightforward is how to … Continue reading \u201cLet\u2019s Go Live in a Tree House\u201d: The Housing Crisis in Canada<\/span>