Calgary’s Housing Market Continues to Thrive Despite Rising Affordability

Calgary's housing market has seen significant growth, but its affordability advantage is decreasing as the share of household income dedicated to home ownership has risen to 47.6%. Affordability issues are more severe in Vancouver and Toronto. By 2023, less than half of Canadian households will be able to afford a home. However, affordability is expected to improve slowly into 2025, and Calgary's housing market is predicted to continue thriving.

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