Is that the near term or the longer term? In the longer term, I think there is capacity for affordability to improve.
The housing market is fairly weak. Prices have been going sideways or down and incomes are coming up. Over time, that should improve affordability, if this continues, but it's not going to change overnight.
This problem has built up over a decade, and it's going to take some years before it improves meaningfully for Canadians.
