Even with prices on the decline, homes are still prohibitively expensive for many buyers. Various metrics show that affordability has improved, but not by much. The Bank of Canada is poised to cut interest rates a couple more times in the coming months, but economists aren’t expecting a return to near-zero levels.

All to say, Canada’s housing crisis isn’t going anywhere, despite taking a back seat to trade concerns of late.

https://www.theglobeandmail.com/business/article-canada-real-estate-housing-markets-charts/