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Housing crisis intensifying in Canada, government warns

Report gains attention as national election approaches
A government agency is warning of major future hurdles to homeownership in Canada; EVE Park, a new condominium project in London, Ontario, is shown here. (Andy Peters/CoStar News)
A government agency is warning of major future hurdles to homeownership in Canada; EVE Park, a new condominium project in London, Ontario, is shown here. (Andy Peters/CoStar News)

Within 15 years, the federal government says, homeownership in Canada could become so financially difficult it will lead to “intergenerational mortgages,” and the country will increasingly see “several generations of family living together” to afford housing.

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