Canadian consumers are struggling with higher rates, suggests one economist
Such numbers won't keep climbing, analysts warn
But a return to housing affordability isn’t imminent, says an economist
Numbers reflect higher borrowing costs and uncertainty about the economy
The rise is due to a surge in post-secondary students signing leases, population growth and homebuyers holding off on purchases
Average cost of a detached home in the market rose 4.8% year over year to top $1.4 million
Association says it expects 464,239 properties to trade hands this year, a 6.8% decrease from last year
Dampened demand expected to lead to price declines
Buyer interest remains high but supply is tight and mortgage rates tough to grapple with
At RBC, one-quarter of customers use points for mortgage, credit card payments