Toronto Condos Are The Only Housing In Canada That Became More Affordable

Image by ElasticComputeFarm from Pixabay

RBC Economics’ latest report shows affordability got worse in Q3 2020. Temporary government transfers had improved the measure when observed in aggregate. However, as those transfers are gradually reduced, affordability is once again deteriorating. This isn’t a big city thing either. All major markets, with one exception, saw a deterioration in affordability.

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