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Los Angeles Los Angeles

The 2008 financial crisis led to widespread housing affordability issues, but the US has not fared as badly as some. According to a new report from Point 2 Homes and Yardi Systems, Canada has been more dramatically impacted by the recession than the US. Home prices in Canada have increased by 56% in Canada, while incomes have only increased by 15%. This has escalated the country from a ranking of seriously unaffordable to severely unaffordable.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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