Housing Crisis

Amid the Bank of Canada's recent interest rate hike and anticipated subsequent increases, concerns over home affordability have escalated among Canadians, with many potential homebuyers facing an uncertain future in the country's housing market.

General

Rate Hike Amplifies Canadian Home Affordability Fears

The Bank of Canada’s recent decision to raise its benchmark interest rate to 4.75 per cent, the highest level in over two decades, has sent

June 8, 2023

Amid escalating worldwide inflation, the housing crisis deepens in Greater Montreal, leaving one in five households unable to afford essentials after housing costs.

General

Inflation Worsens Housing Crisis in Greater Montreal

Greater Montreal is severely impacted by the ability of nearly one in five households to cover essential needs

May 15, 2023