In Mexico, the unemployment rate is relatively low compared to the US and Canada and that is because the majority of the population works but for extremely low wages in the majority of the country. This leads to not being able to afford proper housing in a lot of the areas in Mexico as well as not having enough income to support a family or themselves. The graphs here represent the fluctuating unemployment rate over a years time and that is due to the seasonal patterns as most of Mexico's employment comes from when there is high tourism or high vegetation which can be very seasonal there.
The unemployment rate has dropped some in the last couple years but the rate is actually a survey of people looking for work and the lower rate is due to fewer people in the job market rather than more people employed. Actually, nearly six million fewer people are employed today than just four years ago. The US needs to create about 200,000 jobs per month for nearly three straight years to get the employment level up to the good and sustainable 2007 level (5.0%).
In this video, David Quintieri talks about how Canada has basically walked itself into an inevitable housing market crash. With mortgages increasing and housing prices increasing as well, incomes struggle to keep up especially with the high foreign investment cities in Canada have been experiencing. Canadians and other home buyers in Canada are going to feel a bit of a shock as borrowing could potentially increase for them in the short run.
The US housing market at the moment is tough for people to handle. Incomes haven't been keeping up with rising price levels that have been caused from the higher demand but low supply of housing. Cities including Houston, LA, New York and Denver are all suffering from this. The US is looking for ways to either slowdown, stagnate or decrease the growth rate of these prices.
Imagine living a life without access to any credit or loans? How do you start up a business? This is the reality for many people in Mexico and the founder of this initiative is trying to change that reality. He is trying to change it by implementing community and affordable housing which includes access to clean water, electricity, and places for communal gatherings in order to get Mexico's economy and housing up and running.
This article gives you the low down on what is happening on the West Coast of British Columbia regarding its highly risky housing market. By highlighting what the causes may be, it then goes to offer eight solutions that could potentially slow down or fix this problem. "From co-ops to tax reform to municipal zoning, we have tools to provide homes for everyone."
In Ottawa, Financial Minister Bill Morneau spoke about how what is currently a "sound" housing market, could potentially spiral into an economic disaster for Canadians looking for affordable housing. He discusses in this short video that they are looking for solutions to suppress the risk Canada may be in and that the government hopes to keep the current "sound" housing situation where it is at without going off the rails at all.
In Vancouver, the Canadian and B.C. governments are complicit in fueling its housing crisis as foreign Chinese buyers continue to shut local residents out of the housing market. People living in this area are essentially fighting over housing and it is going to the highest bidder. This crowding out is setting off a lot of people in Vancouver as they struggle to find homes in the beautiful city they wish to live in.