Canada's housing affordability crisis expected to persist despite rate cuts
Published on: 06/03/2025
Despite recent interest rate cuts, Canada's housing affordability crisis continues to challenge homebuyers. High demand, limited housing supply, and rising construction costs keep prices elevated in major cities like Toronto and Vancouver. Immigration-driven population growth further strains the market, while strict mortgage qualification rules make homeownership difficult. Although lower rates may slightly ease borrowing costs, they do not address the core issue of supply shortages. Without significant policy changes and increased housing development, affordability concerns will persist, leaving many Canadians struggling to enter the market. Sustainable solutions are needed to create long-term housing stability across the country.
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