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Canadian home prices have not fallen enough to restore affordability

Summary by BizToc
Canada’s house price correction has been painful for homeowners forced to watch their equity erode. As steep as the price drop has been, however, affordability has still not recovered to historic norms.

2 Articles

The Globe & MailThe Globe & Mail
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Canadian home prices have not fallen enough to restore affordability

Bank of Canada’s affordability index, which tracks housing-related costs relative to disposable incomes, still sits well above its long-run normal

·Toronto, Canada
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BizToc broke the news on Thursday, September 10, 2026.
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