Canada’s Housing Market Is Trapped In A Dangerous Triangle

Canada’s housing market remains in a state of uncertainty despite reports of improved affordability. Key factors such as house prices, interest rates, and household incomes are not aligned, restraining the market from progressing. High homeownership costs in cities like Vancouver and Toronto highlight the disparity between earnings and housing expenses. Unless there is a significant adjustment in these factors, particularly in house prices, the market will continue to remain out of reach for many buyers.