Many struggle to afford their homes – “The Conference Board defined housing costs as unaffordable if they exceeded 30 per cent of pretax income.”

What percentage of buyers of primary residences in Vancouver in recent years are spending more than 30% of their pretax income on their housing costs? What percentage of those having to eat less nutritious meals because of housing costs are ‘owners’? -vreaa.

The Conference Board of Canada released a report “Building From the Ground Up: Enhancing Affordable Housing in Canada” which is discussed in an article, ‘Many struggle to afford their homes’ in the G&M 30 Mar 2010. Excerpts:

“Many Canadians can only keep a roof over their heads by cutting costs in ways that could harm their health – such as buying less nutritious food.”

“About 75 per cent of Canadians are currently living in homes they can afford, the Conference Board said, adding a further 5 per cent have their housing costs subsidized by the government. That leaves 20 per cent of Canadians struggling to keep up with the cost of their homes, the report said. The Conference Board defined housing costs as unaffordable if they exceeded 30 per cent of pretax income.”

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