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Homeownership in Canada most affordable in three years: RBC
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Homeownership in Canada most affordable in three years: RBC
Homeownership in Canada is now the most affordable it has been since 2022, according to a new report from Robert Hogue, assistant chief economist at RBC. The bank’s aggregate affordability measure fell to 55.1 per cent in the first quarter of 2025, down from 60.7 per cent a year ago. Lower interest rates, slight price reductions, and steady household income growth contributed to the improvement. “Prices are still a long way from more attainable…
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