The 2020 Scotiabank Housing Poll found that around 18% of young Canadians in the 18-34 age range have “accelerated their plans” to buy their next homes or investment properties. However, roughly 32% of them said that they will only make their purchases once property prices drop.

The house would look like any other house, except it might have four front doors. Three for families that make around $150,000 a year (like two teachers, or an accountant and a tradesperson). And one door reserved for middle-income earners – forever,” reads the recently launched Making HOME website.

The Fed’s governing body, the Federal Open Market Committee (FOMC) said in a statement that it would keep the target range for the federal funds rate at zero to ¼%, “and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments for maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”