Homebuyers in Canada are facing tough times as soaring interest rates and escalating housing costs force many to step back from the market. This shift is not just tightening household budgets; it also poses a risk of cooling the overall economy, raising alarms among policymakers and economists alike.
As Australians head to the polls, the housing crisis looms large, with many describing the situation as “pretty diabolical.” Voters express frustration over soaring prices and inadequate supply, urging candidates to prioritize affordable housing solutions.
Australia’s median home value has surged by approximately $230,000 over the past five years, highlighting a significant shift in the housing market. This rise raises concerns over affordability and accessibility for potential buyers amidst ongoing economic challenges.
