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Home Affordability Improved in Q2 of 2020
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Home Affordability Improved in Q2 of 2020

Housing affordability in Canada’s large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing...