Calgary Is Now A Different Kind Of Outlier When It Comes To Affordability

Calgary is now an outlier in terms of housing affordability, as it is the only major Canadian city where buying a home has become more difficult. While housing prices decreased in other cities, Calgary saw an increase of $2,000. Mortgage rates also increased slightly, resulting in an income increase of $660 required for Calgarians. On the other hand, Hamilton and Toronto experienced relief in housing affordability, with home prices dropping significantly. Economists predict that the Bank of Canada may decrease its policy interest rate in the coming year, which could provide further relief.

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