The recent fall in housing prices in Canada has made home ownership more affordable, and broad-based cuts to mortgage rates announced by Canada's major banks yesterday will help even more.
The Quebec-based Desjardins Group said that its index of Canadian housing affordability is "slowly but surely inching its way" back up to its historic average
The bank's affordability index, which has averaged 128.8 over the past 20 years, rose to 115.9 in the third quarter of the year from 112.4 in the previous quarter
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Eric Beauchesne, Canwest News Service
Published: Thursday, November 27, 20
