It costs an additional $380 per month to buy a typical home in Canada in the second quarter, mostly because of higher borrowing rates, the report said From m_zadikian
But when it's broken down regionally, the data shows just how unaffordable the country's biggest housing markets are.
"While the situation isn't as dire in other regions of the country—in fact, many markets in Alberta and Saskatchewan, and some in Atlantic Canada still look reasonably affordable—the rapidly deteriorating trend is universal," Hogue said. August marked the sixth straight month of home sales declines, according to the Canadian Real Estate Association.
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