Canadian housing is getting more affordable, but it’s still way out of reach for most. National Bank of Canada (NBF) released its Q2 2023 Housing Affordability Monitor (HAM) showing improvements in most markets. Despite rising financing costs, home prices fell enough to improve affordability. It was the third quarter to show affordability improvements, but it’s a long way from correcting 8 years of sharp erosion. Most of Canada’s households aren’t even close to being able to purchase a home at today’s prices.
More … Canada Lost 45K Construction Jobs In July — And Yes, That Spells Grim Things For Housing
