Homeownership is getting harder worldwide: Young people can't become homeowners

Housing affordability has deteriorated across major global cities including London, Istanbul, Toronto and Sydney, with home prices rising faster than incomes while rents consume a growing share of wages. The trend is making homeownership increasingly out of reach for younger buyers in many markets. The article does not cite specific percentage figures, but frames the squeeze as a broad, multi-city phenomenon driven by the gap between property costs and earnings. It matters because sustained affordability pressure can weigh on household budgets, consumption and housing demand. What to watch next is whether income growth catches up with prices or rents, and whether policymakers in these cities respond with supply or demand-side measures.