Rising rates and resurgent home prices are presenting a challenge

Canada’s most populous cities are commonly viewed as its hottest housing markets with the steepest challenges for buyers – but housing affordability is also proving a huge hurdle for many Canadians outside of those metropoles.

In its latest report on housing trends and affordability, Royal Bank of Canada (RBC) indicated that while Toronto, Vancouver, and Victoria stood out as the least affordable parts of the country, buyers in all markets tracked by the bank “face a significantly worse situation than they did a year ago.”

#Industry