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What does restoring affordable home ownership actually mean? One economist crunches the numbers – The Globe and Mail

What affordable home X ownership really means…..

Find a way to measure the mean cost of a house labelled “affordable” in 2024 dollars…

Whatever the price pegged at of such a home X in 2024 dollars….

Remains the same throughout the life of home X in the future, factoring in inflation at a reasonable rate even if inflation goes south…

PURCHASED HOME X AT 2024 PRICES…. REMAINS AFFORDABLE IN THE FUTURE…

NO PROFIT SHOULD BE ATTRIBUTED TO SUCH HOUSES SO THAT IT REMAINS AFFORDABLE AND LIVABLE…

PEOPLE WILL HAVE TO AND NEED TO CHOOSE WHAT’S BEST…

STRESS TEST OUT THE WINDOW

MINIMUM REMAINS AT 5 PERCENT

CMHC FEES… KICKS IN AFTER LET’S SAY 5 YEAR PURCHASE FROM INITIAL PURCHASE DATE IF APPLICABLE