Close Reading

We just have stagnated and we can no longer afford to live on one wage

The reason real estate prices have gone 300% but incomes only 100% is because of low interest rates. If you factor in carrying costs, the numbers aren't as extreme. The challenge now is that interest rates have increased to stave off inflation generated primarily during the covid years. While this has somewhat abated, real estate carrying costs remain elevated and price growth has stagnated, while the Canadian dollar has fallen, effectively resulting in reduced housing valuations (in US dollar terms). Can we ride this out until incomes catch up? Will productivity increases promised by leading political challengers (election coming this year) move the needle? Are tariffs and 51st state rhetoric just a negotiating tactic and bluster, or something real? Nobody knows, but we will find out..