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.
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Cooling home prices continued to ease affordability conditions across much of Canada in November, despite persistently high mortgage rates. According …
Read articleHome prices have been softening in markets across Canada in recent months, but steep mortgage rates prevented any widespread improvement in housing …
Read articleIncreasingly high interest rates continued to erode Canadians’ ability to buy a home in September, despite the fact that home prices softened …
Read articleIt appears any recent easing in home affordability this summer was short-lived. Following the Bank of Canada’s return to its hiking cycle on …
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