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Bank of Canada says housing affordability remains far off
Original: Canada is not close to restoring housing affordability, says central bank
The Bank of Canada says the country is not close to restoring housing affordability, according to a Reuters report picked up by multiple outlets. The statement lands as Canadians continue to grapple with high home prices and elevated borrowing costs, keeping housing at the centre of the national economic debate.
Why now: Housing costs and interest rates remain top concerns for Canadians, so the central bank's gloomy assessment is drawing wide attention.
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Evidence
- Canada is not close to restoring housing affordability, says central bank · Reuters
- Canada is not close to restoring housing affordability, says central bank · Fresno Bee
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