US EditionCanada’s Housing Market Is Trapped In A Dangerous Triangle
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Canada’s Housing Market Is Trapped In A Dangerous Triangle
There is a quiet tension running through Canada’s housing market. RBC’s latest report declares housing affordability to be at its “best” in three years, yet for most Canadians the reality feels unchanged. The dream of owning a home remains elusive, and the market is eerily still.The truth lies beneath the headline. Three forces continue to exert pressure on affordability: house prices, interest rates, and household incomes. This trio does not op…
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