Housing Affordability

Mortgage payments, property taxes and utilities fell as a share of median household income in Canada to 59.5% from 61% in Q1.

Slight drops in interest rates and home prices lowered the costs of owning a home in Canada in the first quarter

High interest rates propelled ownership costs to new summit in the fourth quarter of 2023: A household earning a median income needed to spend a...

Mortgage rate increases and modest appreciation in home prices drove up RBC’s aggregate affordability measure for Canada by 2.8 percentage points to...

The burden of home ownership costs got slightly lighter in the second quarter in Canada: RBC’s aggregate affordability measure for Canada fell for...

RBC’s aggregate affordability measure for Canada fell for the first time in almost three years, edging 1.6 percentage points lower to 59.5%

Owning a home got even more expensive: Rising interest rates further inflated home ownership costs in the fourth quarter of 2022, despite a...

The Bank of Canada’s battle against inflation has made it a lot harder to buy a home in this country.

Unsurprisingly, soaring ownership costs turned Canada’s housing market on its head.

Interest rates are back on the rise after falling to historic lows during the pandemic.

Price gains recorded during the pandemic have been nothing short of stunning across Canada, surpassing 30% nationwide and far more in several markets.

RBC’s aggregate measure for Canada jumped 2.0 percentage points to 47.5%—the worst level in 31 years.