Mortgage Gold in Demographic Madness
The short of it: Overpopulating and underbuilding is a recipe for absurd housing costs. Here's a look at six resulting implications, plus six opportunities for mortgage pros. For originators ready to dodge the stats and dive straight into dollar signs, the business strategy bits are near the middle.
Canada is having a population party, and the invitations should read: BYOH — Bring Your Own House.
The latest numbers from StatsCan paint how badly our leaders are losing the fight to house our citizens affordably. To properly appreciate this train wreck, allow the following stats to sink in.
In the last 24 months of available data:
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