But when you combine rising interest rates with growing regulatory burdens as governments try to restrict growth, you have a recipe for mounting affordability problems that's affecting
mainly young households and other first - time buyers — and they're the engines that drive the homeownership market, Edwards said.
While there are some variations, only Montreal and Quebec City underperform, which is
mainly because
households in Quebec are
younger than other provinces and so have had less time to build up net worth, says Miron.