Robyn Kraft - Mortgage Associate

There are several factors that affect housing affordability in Canada. One of the biggest drivers of the Canadian housing market is interest rates. When interest rates are low, it's easier for people to get mortgages and buy homes. When they're high, it can be more
difficult. Another thing that affects the market is supply and demand. When there are more people looking to buy homes than there are homes available, prices tend to go up. This is known as a seller's market. On the other hand, when there are more homes
available than there are people looking to buy, prices tend to go down. This is known as a buyer's market.

Many Canadians are finding it difficult to buy a home. This has led to debates around government policies and solutions to make housing more accessible and affordable. Overall, the Canadian housing market is complex and constantly evolving, but understanding the factors that affect it can give you a better sense of what's going on.

If you have any questions about affordability, I am here to help!