But higher rates only further erode affordability, while increased down payments hurt those struggling the most: first - time buyers. (moneysense.ca)
While historically low rates are helping to offset the faster appreciation of home prices relative to incomes, a higher mortgage rate would erode affordability under these conditions. (eyeonhousing.org)
«Eroding affordability in B.C.'s Lower Mainland has reached unsustainable ground. (moneysense.ca)