However, to date at least, the evidence does not suggest that we should be overly concerned. On the question of cost, margins on standard housing loans have, if anything, narrowed a little over the past couple of years, even for the major banks.
Indeed, recent wage gains have been strongest for lower-paid workers. People who live and work in low- and middle-income communities tell us that many who have struggled to find work are now getting opportunities to add new and better chapters to their lives.