Cost of Living

Higher home prices, higher debt levels and how they affect our choices

When it comes to the Cost of Living, the biggest ticket item, for most of us, is housing. Prices are way up, in Vancouver and Toronto, yes, but also around the country.  Our wages, in turn, haven't come close to matching those gains.  Paul Haavardsrud looks at how this matters to our life choices in ways many Canadians may or may not realize.

What do booming housing markets mean for Canadian communities?

A real estate agent puts up a "sold" sign in front of a house in Toronto in this file photo. (Canadian Press)
Listen3:57

When it comes to the Cost of Living, the biggest ticket item, for most of us, is housing. Prices are way up, in Vancouver and Toronto, yes, but also around the country.  Our wages, in turn, haven't come close to matching those gains. 

Paul Haavardsrud looks at how this matters to our life choices in ways many Canadians may or may not realize.

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