Canada Housing Affordability: The Next Move

Canada housing affordability had been improving, but a bank economist said it still had not returned to a normal range for many households.
Recent gains were tied to earlier rate cuts, lower national home prices from their peak, and real personal income growth across Canada.
The economist outlined three paths back to affordability: stronger incomes, further home price easing, or more rate cuts from the central bank.
That third path looked unlikely, as the central bank's stance was described as hawkish, leaving home prices carrying more of the adjustment.
National readings also masked wide regional differences, so buyers and owners benefited most from local analysis rather than relying on one Canada-wide figure.