VANCOUVER—Housing in Canada’s biggest cities became less affordable over a recent 10-year period, while housing actually became more affordable in many growing cities in the United States—including those with increasing populations and rising incomes, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Many people make the assumption that when you have a growing, prosperous city, housing will inevitably become less affordable, and the evidence suggests otherwise,” said Steven Globerman, a Fraser Institute senior fellow and co-author of Changes in the Affordability of Housing in Canadian and American Cities, 2006–2016.
