US EditionBudget watchdog reports sharp improvement in home affordability — but not everywhere
- Ottawa's fiscal watchdog reports a significant improvement in home affordability nationwide, though it varies regionally.
- The Parliamentary Budget Office noted that cheaper borrowing costs, stronger wages, and lower home prices are aiding home affordability in Canada.
- Cities like Toronto and Hamilton saw major improvements, though home prices remain unaffordable in those markets.
- Interim Parliamentary Budget Officer Jason Jacques stated that high mortgage costs in cities like Toronto and Vancouver leave households financially vulnerable.
21 Articles
21 Articles
Home affordability improves sharply in Canada's most expensive cities: Budget watchdog
As parliamentarians spar over how to make housing more affordable, Ottawa's fiscal watchdog is reporting significant progress in closing that affordability gap nationally — but the picture looks very different across the country.
Winnipeg Free Press
Budget watchdog reports sharp improvement in home affordability — but not everywhere
Breaking News, Sports, Manitoba, Canada
OTTAWA—As parliamentarians struggle on how to make housing more affordable, the Parliamentary Budget Officer (PBO) reports significant progress in closing this national accessibility gap. However, the situation is very different across the country. The Acting Parliamentary Budget Officer, Jason Jacques, released an update on his housing report on Thursday, which assesses accessibility based on the difference between the average house price and w…
But the situation is very different from one end of the country to the other. The post The DPB reports a marked improvement in the accessibility of housing appeared first on Les Affaires.
Budget watchdog reports sharp improvement in home affordability — but not everywhere – 105.9 The Region
OTTAWA — As Parliamentarians spar over how to make housing more affordable, Ottawa’s fiscal watchdog is reporting significant progress in closing that affordability gap nationally — but the picture looks very different across the country. The parliamentary budget officer tracks housing affordability based on the gap between average home prices and what the typical household can afford. Home prices peaked in 2022 during the pandemic recovery era …
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