Two recent Fraser Institute reports outline how Ontario’s housing crisis is creating affordability issues for young families across the country. The first hurdle young people face is finding the down payment on a home. After that, their ongoing mortgage costs often exceed 70% of a family’s median after-tax income.

In a recent report, authors Jake Fuss and Austin Thompson said it’s not just Toronto facing soaring housing costs . Smaller towns and cities have similar problems. Article content

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It gives the example of Brantford, in southwestern Ontario.

“In 2023, a family earning the local median income had to save $136,880 (or 27.3 months of after-tax income) for a 20% down payment on a typical home (single-detache

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