Canada’s housing affordability sees significant ‘deterioration,’ report says
The banking institution pointed to rising interest rates as part of the cause, and combined with a surge in home prices, the ability to afford a home is a difficult prospect.
![Canada’s housing affordability sees significant ‘deterioration,’ report says](https://globalnews.ca/wp-content/uploads/2023/10/20231027081052-e2f7938443973d3f216cad527f0bd7dfe4dc05f961d1d83ff3bed230aa19eb1b-2.jpg?quality=85&strip=all#)
The banking institution pointed to rising interest rates as part of the cause, and combined with a surge in home prices, the ability to afford a home is a difficult prospect.