Buying a home may remain out of reach for many Canadians for the foreseeable future

Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say.

Buying a home may remain out of reach for many Canadians for the foreseeable future
New homes under construction are pictured.

Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say.