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  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
  • Betting on Bitumen: Alberta's energy policies from Lougheed to Klein June 8, 2017
    The role of government in Alberta, both involvement and funding, has been critical in ensuring that more than narrow corporate interests were served in the development of the province’s bitumen resources.  A new report contrasts the approaches taken by two former premiers during the industry’s early development and rapid expansion periods.  The Lougheed government invested […]
    Canadian Centre for Policy Alternatives
  • Canada-China FTA will leave workers worse off June 2, 2017
    Global Affairs Canada is currently consulting Canadians on a possible Canada-China free trade agreement. In CCPA’s submission to this process, CCPA senior researcher Scott Sinclair argues that an FTA based on Canada’s standard template would almost certainly reinforce rather than improve upon Canada’s imbalanced and deleterious trade with China. It can also be expected to […]
    Canadian Centre for Policy Alternatives
  • Faulty assumptions about pipelines and tidewater access May 30, 2017
    The federal and Alberta governments and the oil industry argue that pipelines to tidewater will unlock new markets where Canadian oil can command a better price than in the US, where the majority of Canadian oil is currently exported. Both governments have approved Kinder Morgan's Trans Mountain Expansion Project, but a new report finds that […]
    Canadian Centre for Policy Alternatives
  • Weathering the storm: is this the end of CRA’s political activities audits? May 5, 2017
    Yesterday, following a panel’s recommendation to allow charities more freedom to speak out, the federal government decided to suspend the Canada Revenue Agency’s controversial political activities audit program. Indeed this is good news for Canadian charities. Everyone at the CCPA is proud of the role our organization has played in challenging these audits and in […]
    Canadian Centre for Policy Alternatives
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Canadian Housing Observer 2010

In late-October, the Canada Mortgage and Housing Corporation released the Canadian Housing Observer 2010.  I’ve finally given it a thorough read and am struck by some of the statistics.

The MLS average price of a home in Canada has almost doubled in the past decade.  In 2000, the figure was just under $164,000.  By 2009, it was just over $320,000.  Perhaps not surprisingly, during this same period, residential mortage credit by lending institutions in Canada more than doubled, from just under $432 billion to just over $936 billion. (Numbers such as these led David MacDonald to argue in an August 2010 CCPA paper that Canada is experiencing a housing bubble; I’ve blogged about that here.)

In 2006, just under 13 percent of Canadian households were considered to be in “core housing need” (which usually means that they are paying more than 30 percent of gross monthly income on housing).  But the figure for Nunavut was just over 37 percent, by far the highest of any province or territory.  And just over 20 percent of Aboriginal households across Canada are in core housing need.

Finally, there are just over 49,000 units of band housing in Canada.  More than 47 percent of those units are in need of major repairs (while only 7.5 percent of all housing units across Canada are in need of major repairs).  Moroever, almost 15 percent of band housing units built in the past decade are already in need of major repairs, while the corresponding figure for all housing units built in Canada over the past decade is roughly one percent.

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