Canadian Housing Affordability Archives - Better Dwelling https://betterdwelling.com/tag/canadian-housing-affordability/ Canada’s Fastest Growing Real Estate News Source Wed, 13 Dec 2023 15:09:37 +0000 en-US hourly 1 https://i0.wp.com/betterdwelling.com/wp-content/uploads/2016/07/cropped-better-dwelling-flower-logo.png?fit=32%2C32&ssl=1 Canadian Housing Affordability Archives - Better Dwelling https://betterdwelling.com/tag/canadian-housing-affordability/ 32 32 64691831 Canadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/ https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/#respond Wed, 13 Dec 2023 15:09:34 +0000 https://betterdwelling.com/?p=24436 Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […]

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]]> https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/feed/ 0 24436 Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/ https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/#respond Fri, 08 Dec 2023 16:50:41 +0000 https://betterdwelling.com/?p=24412 Canadians briefly thought the country’s central bank was owning up to, and correcting its mistakes. That pipedream had a bucket of cold water poured on it Thursday, as Bank of Canada (BoC) deputy governor Gravelle’s speech referred to a “long standing housing supply issue.” Adopting a popular but false political narrative didn’t sit right with […]

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]]> https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/feed/ 0 24412 Canadian Real Estate Could Fall 30%, But Ontario Affordability Won’t Return: Desjardins  https://betterdwelling.com/canadian-real-estate-could-fall-30-but-ontario-affordability-wont-return-desjardins/ https://betterdwelling.com/canadian-real-estate-could-fall-30-but-ontario-affordability-wont-return-desjardins/#comments Wed, 06 Sep 2023 16:54:15 +0000 https://betterdwelling.com/?p=23923 The Canadian real estate correction has produced a glimmer of hope in young adults. In a worst case scenario, Desjardins sees home prices falling as much as 30% in a deep recession. It still won’t be enough to restore affordability—especially in Greater Toronto. The institution warns that housing is costing Ontario its edge, as its […]

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]]> https://betterdwelling.com/canadian-real-estate-could-fall-30-but-ontario-affordability-wont-return-desjardins/feed/ 30 23923 Nearly Half of Canadians Are Worried About Shelter Costs: Stat Can https://betterdwelling.com/nearly-half-of-canadians-are-worried-about-shelter-costs-stat-can/ https://betterdwelling.com/nearly-half-of-canadians-are-worried-about-shelter-costs-stat-can/#comments Mon, 13 Feb 2023 21:00:42 +0000 https://betterdwelling.com/?p=22937 A large share of Canadians feel like they’re just a few bucks away from financial destabilization. Statistics Canada (Stat Can) released the results from its  Canadian Social Survey on Quality of Life and Cost of Living for Q3 2022. The cost of living crisis has made life unstable for nearly a third of households, with […]

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]]> https://betterdwelling.com/nearly-half-of-canadians-are-worried-about-shelter-costs-stat-can/feed/ 14 22937 Which Canadian Real Estate Markets Can You Afford? Not Many If You’re Middle Class https://betterdwelling.com/which-canadian-real-estate-market-can-you-afford-not-many-if-youre-middle-class/ https://betterdwelling.com/which-canadian-real-estate-market-can-you-afford-not-many-if-youre-middle-class/#comments Mon, 23 May 2022 18:17:43 +0000 https://betterdwelling.com/?p=20719 You did it! Your household earns the median income for Canada, and you convinced your boss to work from home. Now you just need to find a home you can afford, in the second largest country in the world. Easier said than done. Don’t worry, we got you. We hope you like small and remote […]

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]]> https://betterdwelling.com/which-canadian-real-estate-market-can-you-afford-not-many-if-youre-middle-class/feed/ 7 20719 Canadian Home Buyers Need $42,000 Per Year For Payments In Q1 2022: Desjardins https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/ https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/#comments Mon, 09 May 2022 17:12:03 +0000 https://betterdwelling.com/?p=20544 Canadian real estate prices may be slowing now, but the damage got even worse in the year’s first quarter. The Desjardins Affordability Index (DAI) reached the worst level recorded in Q1 2022. Home prices continue to become more overvalued, even as incomes fall. The Desjardins Affordability Index (DAI) The DAI is an inverse affordability index […]

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]]> https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/feed/ 2 20544 Canadian Real Estate Is “Worrisome,” “Grim,” and “Impossible” To Buy: RBC https://betterdwelling.com/canadian-real-estate-is-worrisome-grim-and-impossible-to-buy-rbc/ https://betterdwelling.com/canadian-real-estate-is-worrisome-grim-and-impossible-to-buy-rbc/#comments Thu, 31 Mar 2022 02:02:31 +0000 https://betterdwelling.com/?p=20117 Canadian real estate is disconnecting from reality at a breakneck speed. RBC updated its affordability index for Q4 2021, measuring the share of income needed to buy a home. Housing affordability across most of the country is now out of reach for most households. Buying a home is nearly an “impossible” feat, according to one […]

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