Canada

Housing affordability just worsened for a growing share of Canadians, new data from Statistics Canada shows. Nearly one in four (23.2 per cent) Canadian households were living in unaffordable housing in 2024, compared to 22 per cent in 2022, Statistics Canada said in a report on Monday.Statistics Canada defined households living in “unaffordable” housing as those that spent 30 per cent or more of their income on shelter costs.Renters (33.7 per cent) were more likely than homeowners (17.4 per cent) to live in unaffordable housing, the report said.In 2024, more than one -third (36.6 per cent) of all households in…

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