In 11 of 13 major markets
Prospects dimmed for homebuyers
Ratehub.ca’s latest home affordability report found that 11 of 13 large urban markets saw conditions worsen between January and February 2026, even though mortgage rates were largely flat.
Affordability in the study was defined as the gross income a buyer would need to qualify for a mortgage on the average-priced home.
Only two major cities saw improvements this month,” Penelope Graham, mortgage expert at Ratehub.ca, said. “While mortgage rates remained flat month-over-month, home prices did not. The increases in the average home prices were enough to impact the income required to buy a home.”
Full Read:
- Canadian Mortgage Professional
- https://www.mpamag.com/ca/mortgage-industry/market-updates/canadian-housing-affordability-worsens-in-11-of-13-major-markets-new-report/569929?utm_medium=email&_hsenc=p2ANqtz–3wt2snCK93NpN66R5eoJKjzZYaWN6wghPYxVk7iAX3BA-_udn01ZxODCnyJzPtasTl3d76_rcUDDGrX9Rk0GDlWkrwlqo0JMWysGylEBtMgjV49I&_hsmi=411558255&utm_content=411558255&utm_source=hs_email
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