Tag: Canadian housing market trends
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Canada’s Rental Crisis Moves East: Nova Scotia Now Least Affordable Province

Canada’s rental market shows signs of improvement overall, but the picture varies widely across the country. A recent Rentals.ca report indicates that while the rent-to-income gap has narrowed slightly since peaking in early 2023, affordability remains a challenge for most provinces. Only Alberta meets the commonly used threshold for affordability, where median households spend 30% or less of their…
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How Much Income You Need to Own a Home in Canada: June 2024 Update

A slight dip in interest rates in June improved home buying conditions for some Canadians, with affordability increasing in nearly half of the nation’s major markets. The latest Ratehub.ca affordability report, based on real estate data from May and June 2024, found that the required income to purchase a house lowered in six of the…