Post Category: News and Economic Reports
November 30, 2022
Housing affordability: The worst deterioration in 41 years in Q2 2022

Housing affordability in Canada worsened by 10.4 points in Q2’22, a sixth consecutive quarterly deterioration. The Q2 print marked the worst quarterly and annual deteriorations in 41 years. The mortgage on a representative home in Canada now takes 63.9% of income to service, the most since 1982.

Q2 2022

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