One-fifth of Canadians can’t afford their homes

This is quite sad. One in four can not afford to own their own home, counting those who living in subsidized housing. While home ownership is not a right or often not desirable, this is not about choice, it is about an unequal distribution of wealth.  From theToront Star:

A new study from an Ottawa-based economic think-tank suggests that about 20 per cent of Canadians are struggling to afford the homes they’re living in and that national productivity is suffering as a result. The Conference Board of Canada says three-quarters of Canadians are living in homes they can afford, while about five per cent live in housing subsidized by the government. That leaves about 20 per cent of people who are struggling to cope with the cost of their homes.

One-fifth of Canadians can’t afford their homes: study