Metamorphany's Youth-Driven Innovation Program
helping to turn the tide in the
housing affordability crisis in Canada and North America

Let's impact!

To illustrate

A home in metropolitan New York would be a minimum of 45 per cent more affordable than in any of the mentioned Canadian cities, including those smaller cities/rural areas in British Columbia.

To illustrate

In order to make Toronto and Vancouver "affordable", measured by Demographia’s standards, either the house prices would have to drop close to 60 per cent in Toronto and more than 76 per cent in Vancouver; median incomes will have to increase with an equal amount; or a combination of the two until an affordable price-to-income ratio (PIR) is reached. When compared to other metropolitan areas such as London (UK), metro New York (USA) and Los Angeles (USA), who have done relatively well in 2018, Canada’s cities have got their work cut out for them. Both London (UK) and metro New York (USA) saw their PIRs drop just over 2.5 per cent since the survey the year before and Los Angeles (USA) managed to squeeze in a 3 per cent positive decline.