The Canadian housing market continued to show “signs of cooling” throughout the second quarter but modest price growth and interest rate increases caused affordability to erode in most areas of the country, according to the most recent RBC Housing Trends and Affordability study released this week.
A “brisk market” in Saskatchewan brought strong demand while “a relatively low supply” of homes saw the scale “tipping in favour of sellers” who experienced stronger than average price increases across the quarter pushing home ownership costs higher.
Read the full report here.
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