Recently we visited a city and encountered housing affordability. Ever heard of it?

References:

Housing Affordability in Canada: 2022 RE/MAX Report: https://blog.remax.ca/housing-affordability-in-canada/

Trickle-Down Housing is a Failure. Here’s What You Need to Know.: https://www.housinghumanright.org/trickle-down-housing-is-a-failure-heres-what-you-need-to-know/

Supply constraints have increased prices of apartment condominiums in Canadian cities: (1) https://publications.gc.ca/collections/collection_2020/schl-cmhc/nh18-33/NH18-33-31-2020-eng.pdf (2) https://eppdscrmssa01.blob.core.windows.net/cmhcprodcontainer/sf/project/archive/research_5/rr_supply_constraints_increased_prices_mar_12.pdf

Why is Manhattan So Expensive?: https://www.nber.org/system/files/working_papers/w10124/w10124.pdf