Abdul Kargbo, speaking at a National Housing Day event Friday, said Hamilton houses will only get less affordable in the coming years. The market for the Hamilton-Burlington-Grimsby area is overheated — meaning wages and employment rates aren't keeping up with housing prices — and the CMHC red-flagged it as problematic this year. Some call Hamilton's rising housing prices a mere correction after years of being undervalued. When you match up precarious employment and stagnating wages with housing prices, "there's a real disconnect between the two pieces," she said. (CMHC/Statistics Canada)That's why it's more important than ever to have the conversation at National Housing Day, she said.

Source: CBC News November 28, 2016 19:10 UTC