Home affordability report

Stubbornly high mortgage rates made for a “terrible” year for borrowers and prospective home buyers alike, as affordability declined across the country over the course of 2023.

Cooling home prices continued to ease affordability conditions across much of Canada in November, despite persistently high mortgage rates. According …

Home prices have been softening in markets across Canada in recent months, but steep mortgage rates prevented any widespread improvement in housing …

Increasingly high interest rates continued to erode Canadians’ ability to buy a home in September, despite the fact that home prices softened …

It appears any recent easing in home affordability this summer was short-lived. Following the Bank of Canada’s return to its hiking cycle on …