Posthaste: Canada's housing affordability 'crisis' spreads, but this city is still a bright spot, says CMHC [Yahoo! Finance Canada]
Cabot Corporation (CBT)
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Source: Yahoo! Finance Canada
the “crisis” having spread to Ottawa, Montreal and Halifax, says Canada Mortgage and Housing Corp (CMHC). “It's clear the crisis is no longer limited to Toronto and Vancouver,” it said in a report released on Feb. 25. Based on CMHC's new homeownership affordability index, affordability nosedived in Ottawa, Montreal and Halifax from 2020 to 2023. The index runs from the first quarter of 1991 to the third quarter of 2025 and tracks housing affordability based on metrics such as the share of a region's median income that goes toward repaying the costs of owning a home, including mortgage, taxes, utilities and insurance, as well as the number of homes for sale in an area where that cost fits with the median income and how much discretionary income is available to accommodate a bigger housing budget. Even in Calgary , where lower home prices have helped it become an interprovincial migration beacon, housing affordability has suffered. Of the seven cities, affordability has only h
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- ??????????????2032????9?1,664??????????????10.66%??????????? [CNET News]CNET News
- Housing affordability challenges remain despite recent improvements: CMHC [Advisor.ca (Canada)]Advisor.ca
- Housing affordability challenges remain despite recent improvements: CMHC [BNN Bloomberg (Canada)]BNN Bloomberg
- Housing affordability challenges remain despite recent improvements: CMHC [Yahoo! Finance Canada]Yahoo! Finance Canada
- Affordability pressure easing nationally but remains high across major centres [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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