Housing affordability “has become an increasing middle-class problem across the region,” with almost a third of the Ontario population under extreme housing affordability pressure, said Smetanin. Housing prices are part of affordability but not the only factor, said Smetanin at an economic conference organized by the real estate board on Tuesday. “Housing affordability is more than just housing prices. Housing prices aren’t a problem if your incomes are going up at the same rate, if you’ve got other expenses associated with housing actually going down,” he said. Metrolinx CEO Bruce McCuaig, told the same TREB conference that transit and property values are closely linked.

Source: thestar January 31, 2017 23:05 UTC