More first\u002Dtime homebuyers and those who plan to buy soon think it\u0027s a good time to buy a house compared to the general population. Read on.
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At the same time, higher interest rates have driven mortgage costs up for 10 months straight, reigniting inflation last month. in April were up 28.5 per cent from a year earlier, Statistics Canada’s latest reading of the consumer price index said on May 16. That helped push headline inflation up for the first time since June 2022.Bank of Canada
on May 18 said it was more worried about people’s ability to handle rising debt, which is being fuelled by higher mortgage payments. “Some signs of financial stress — particularly among recent homebuyers — are beginning to appear,” the central bank said in its latest Financial System Review.
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