Have rising real estate prices changed your plans to own a home, or scrapped them altogether? It’s a reality confronting more buyers in the Toronto and Vancouver areas this spring as prices spiral higher and higher.
New numbers from the economics department at Royal Bank of Canada on Monday show just how painfully expensive home prices are getting for potential buyers in those centres.
“Rapid price increases” in the last year have “further exacerbated already poor affordability conditions,” the bank’s report says.
If you’re in this situation, we want to hear from you for an upcoming story.