Canadian Real Estate Has Not Been This Unaffordable Since The Ninety s Bubble BoC Data

  • Real Estate News
  • Sep 26, 2022


Image by: pixabay

Canadian real estate affordability is getting worse as the market adjusts to higher rates. A Bank of Canada (BoC) update to its Housing Affordability Index (HAI) shows a sharp climb in Q2 2022. An average household now requires nearly half their income to service a mortgage. It’s a level rarely seen in Canada, and experts don’t see it lasting very long as prices drop.

Continue to read on: BETTER DWELLING

Share this post:
home worth
YOUR HOME WORTH
Find out what is your home worth in today's market.
Get Started
home worth
FIND YOUR DREAM HOME
Get notified instantly of homes meeting your exact criteria.
Get Started
G
Gizella Nyulas
Gizella Nyulas
Do you have questions?
Call or text today, we are here to help!