Test Your Knowledge on Canada's Housing Crisis

• The housing crisis in Canada is caused by a competition for a limited number of houses, leading to increased prices.
• The problem of supply is not the only issue, as housing costs are outpacing wages.
• Housing costs in Toronto have increased by about 300% since the 1990s.
• A middle-class family would need to save for 24 years to save the down payment for a typical metropolitan home.
• Intergenerational prosperity significantly influences who can purchase a home.
• Housing market gambling and financialization are driving up housing costs.
• Housing is viewed as a commodity that can be bought and sold.
• Rich multi-property owners and foreign speculators compete with first-time homebuyers.
• The scarcity of cheap housing options is another issue, with social housing development largely stalled since the 1990s.
• House ownership is becoming unaffordable for everyone but the highest earners.

Are you aware of the current housing crisis in Canada? Test your knowledge with this quiz that covers various issues contributing to the skyrocketing housing costs. From supply shortage to intergenerational prosperity and financialization, learn about the factors that make it difficult for middle-class families and first-time homebuyers to purchase a home. Discover why owning a house is becoming unaffordable for everyone but the highest earners and why social housing development has stalled since the 1990s. Take this quiz to expand your