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Canada's housing affordability 'crisis' spreads, but this city is still a bright spot, says CMHC
Canada Mortgage and Housing Corp. reports slight improvement in home ownership affordability since 2023, while renter conditions have stabilized across seven major Canadian cities.
- A new analysis from the Canada Mortgage and Housing Corp. shows housing affordability challenges have eased in recent years but still remain at historic highs.
- Affordability issues are no longer limited to Toronto and Vancouver, and have spread to other major cities like Ottawa, Montreal and Halifax.
- CMHC says its newly released housing affordability composite index provides a more comprehensive picture of affordability and looks at factors like incomes keeping up with housing costs, supply meeting demand, and households having income leftover after paying essentials.
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11 Articles
11 Articles
A new analysis by the Canada Mortgage and Housing Corporation (CMHC) shows that pressures on housing affordability have eased in recent years, but remain at historically high levels and have even spread to other major cities.
·Montreal, Canada
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Housing affordability remains an issue of concern in Canada, particularly in large urban centres, according to a new index.
·Montreal, Canada
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Winnipeg Free Press+6 Reposted by 6 other sources
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Tenants have experienced more stable conditions over the past two years. The post L'affordability of housing improves, but challenges persist appeared first on Les Affaires.
Coverage Details
Total News Sources11
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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