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Event Planning and Business Entertainment in the U.S. Corporate World

A liberal democracy can survive for a while on institutional strength and widespread agreement. As long as most people are generally satisfied with how things are going (or have made peace with the status quo), it is easy to imagine that something like a social contract will keep things on track. Hamish MacAuley makes a persuasive case that many Canadians came of age politically between the collapse of the Berlin Wall and the 2008 financial crisis, when consensus was widespread and politics seemed optional, thus many chose to stay out. We abandoned democratic governing habits during prosperous times. Instead, we played politics. In response, McGill's Jacob T. Levy advocates for political action that rejects the status quo while also refusing to burn it all down or take our ball and go home. We should participate in politics, even if it is unsatisfying. When the foundations of our democratic structure or the rights of vulnerable people are jeopardized, it makes sense to delegate aut
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Housing Markets: Comparing Canada and the USA

There is a $644,338 difference between the median home price and the most that a median-income household can buy. This is the biggest difference in the country. But among the places we looked at, San Francisco has the highest median income, which means that people who want to buy a home have more purchasing power. A home in San Francisco costs about $612,162 for a median-income family, which is by far the most expensive on our list and almost twice as much as homes in Vancouver and Toronto.

Vancouver, Canada's most expensive real estate market, has the third-largest gap between the most affordable home price and the median home price. Only San Diego has a bigger gap. Vancouver families can afford a home that costs about $332,863—a huge $543,656 less than the benchmark price—because their median income is less than half of that in San Francisco.

Survey Finds High Levels of Satisfaction Among All Generations in North America
Following Vancouver is like Los Angeles

People with an average income of $83,411 can buy a house that costs about $373,556. The average price of a home in this area is $790,000. The gap between the most affordable home price and the median home price in Boston is $385,464 making it the fifth least affordable market.

Canada's home prices are much higher than those in the US. The typical income in Toronto is about the same as Dallas's: $62,963 compared to $63,988 in Dallas. However, housing prices in both cities are very different. It costs about $718,519 to buy a home in Toronto, but only $393,650 to buy a home in Dallas. In Dallas, the difference between the most affordable home price and the median home price is only $107,093. In Toronto, however, the difference is more than three times as big. Homes in Toronto that cost about $355,892 are affordable for families with the median income, which is $362,627 less than the typical home price.

The real estate market in Toronto is not the only place seeing this trend. When looking at how cheap housing is in Kitchener-Waterloo and Houston, where the median incomes are almost the same at $60,000 and $60,440, respectively, Houston is by a large margin the more affordable market. A home in Houston that costs about $270,681 is affordable for families with a median income. This is only $59,005 less than the median home price of $329,686.

Even though median-income households in Kitchener-Waterloo can afford more expensive homes than their peers in Houston

there is still a big $200,033 gap between the most expensive home they can afford and the median home price of $539,176.Several Canadian cities are more affordable than their American counterparts.It's interesting to note that five of the eight places in Canada where people with the median income can afford the current median home price are all in the country. These are Calgary, Winnipeg, Edmonton, Saskatoon, and Saint John. Oklahoma City is the most cheap city in the US. A family with the median income can buy a home there for the current median price and still have extra money.

Read: If you're in the US and want to know where home owning costs are comparable to rent, click here.At $64,444, Calgary has the highest median family income in Canada. This means that people who want to buy a home there can afford the median home price of $340,741. The median household income in Jacksonville is $64,138, and the median home price is $390,000. However, the median home price is too high for median-income households to buy. Jacksonville families with the median income can buy a home for about $287,242, which is $102,758 less than the median home price.

In this case, Edmonton is even more cheap. A median household income of $62,222 means that families can buy a home that costs about $351,703, which is more than $56,888 more than the median home price. In Columbus,

Where the median income is $62,994, families can only afford to buy a home that costs about $282,119, which is $17,181 less than the median home price

Do you want to get into one of these markets this spring? It's important to talk to a real estate agent in your area who knows the market well. Please call us right away to talk about your plans to buy a house.

In what ways does living cost less in the US than in Canada? Is the difference really that big? Zoocasa looked at the median home costs, median incomes, and maximumaffordability in 40 North American cities (28 US cities and 12 Canadian cities) to find out how affordable housing was in each.

It was believed that a 20% down payment would be made and that the mortgage would be taken out over 30 years (per term for U.S. borrowers and amortization for Canadian borrowers). We used a fixed mortgage rate of 6.79% in the US (the average on March 28, 2024, according to FreddieMac) to figure out affordability. For Canadian borrowers, we used 4.79% (the best rate offered on the week of March 31, 2024, according to Ratehub.ca). Taxes, insurance, heating costs, and other bills and expenses were not taken into account. The amounts were changed from Canadian dollars to US dollars at a rate of $1.35 CAD to $1.00 USD.

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