Does the ever-rising cost of housing across Canada have you concerned? You're not alone.
A recent poll by EKOS Research revealed that two in five Canadians believe that the cost of housing in the country is just too plain high. While that may sound like an obvious result, the most interesting aspect of the poll is that the response is fairly consistent across lower-, middle- and high-income Canadians.
The poll showed that approximately half of respondents who view themselves as working-class or poor believe that local housing costs are much too high. Across respondents who identify as middle- or upper-class, the rate was 38% and 37% respectively.
However, in Canada's major metropolitan centres, the results were much more extreme. Only 2% of respondents in Vancouver said that they consider housing prices in the city affordable, compared with 6% of respondents in Toronto.
Research from the University of Calgary shows that the housing affordability problem is at its worst in Calgary, Vancouver and Toronto, cities in which lower-income families may spend up to 50% of their income on housing costs.
"It's a deeply troubling finding that in certain portions of Canada, either geographically or societally, that this is a crisis level," said Frank Graves, president of EKOS Research, to the Canadian Press.
The federal government has promised a national housing strategy in an attempt to alleviate the crisis and reduce poverty, but the strategy is not without its own set of challenges. The plan must account for regional discrepancies in incomes and costs, making the plan that much more complicated to implement.