{"id":13986,"date":"2019-10-24T11:11:34","date_gmt":"2019-10-24T18:11:34","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13986"},"modified":"2019-10-17T10:35:45","modified_gmt":"2019-10-17T17:35:45","slug":"housing-affordability-financial-impact-crushing-majority-of-canadians","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/housing-affordability-financial-impact-crushing-majority-of-canadians\/","title":{"rendered":"Housing Affordability &#038; Financial Impact Crushing Majority of Canadians"},"content":{"rendered":"<p style=\"text-align: justify;\">Beyond the financial impact, elevated housing prices have proven to be a soul-crushing ordeal for a majority of Canadians, a new analysis by Zoocasa revealed.<\/p>\n<p style=\"text-align: justify;\">In its 2019 National Housing Survey, the real estate information portal found that for 59% of respondents and 76% of renters, the housing affordability crisis has negatively affected their mental health at least once in the last 12 months.<\/p>\n<p style=\"text-align: justify;\">\u201cAll groups of respondents appear to be stressed by their finances to a large extent: 79% said they were their biggest source of stress at least once over the last 12 months, with 75% of homeowners and 86% of renters in agreement,\u201d Zoocasa stated.<\/p>\n<p style=\"text-align: justify;\">More than four out of five (84%) Canadians see housing affordability as a crucial issue that has significant economic and political repercussions, the study added.<\/p>\n<p style=\"text-align: justify;\">Furthermore, 78% of respondents (as well as 90% of renters) said that any newly elected federal government should prioritize addressing the long-running affordability problem.<\/p>\n<p style=\"text-align: justify;\">Fully 91% of respondents indicated a belief that housing prices in their locales have been rising faster than incomes, and 92% said that this price growth has made it all but impossible for the average Canadian to enter into home ownership.<\/p>\n<p style=\"text-align: justify;\">\u201cThis has fueled the \u2018drive until you qualify\u2019 approach, with 52% of all first-time buyers saying they\u2019d consider moving to another town or city in order to be able to afford a home,\u201d Zoocasa explained.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/housing-affordability-crisis-ruins-most-canadians-peace-of-mind-319881.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Housing Affordability Crisis Ruins Most Canadians&#8217; Peace of Mind<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beyond the financial impact, elevated housing prices have proven to be a soul-crushing ordeal for a majority of Canadians, a new analysis by Zoocasa revealed. In its 2019 National Housing &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/housing-affordability-financial-impact-crushing-majority-of-canadians\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13986","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Housing Affordability &amp; Financial Impact Crushing Majority of Canadians &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/housing-affordability-financial-impact-crushing-majority-of-canadians\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Housing Affordability &amp; Financial Impact Crushing Majority of Canadians &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Beyond the financial impact, elevated housing prices have proven to be a soul-crushing ordeal for a majority of Canadians, a new analysis by Zoocasa revealed. 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