A slow, prolonged erosion of affordability conditions began in the early 2000s
New report calls on all levels of government to work harder to cut the cost of buying a home
Rents are still 12.9% higher than levels seen before the Covid pandemic
Some borrowers are extending their amortization periods to lower their monthly payments
Half of respondents plan to help adult children financially
44% of respondents felt negative about their investments, up from 32% in 2024
The report was delayed by the U.S. government shutdown
Lower-income groups are bearing the brunt of inflation, tepid job market
Inflation jumped to 2.4%, but the labour market remains soft
Prices remain well below 2022 peak, but affordability varies