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Date Entered: 02/09/2022
Subject: Housing Costs: A Matter of Interest?
Attachment: 117.pdf (Original file name: Blog Press Release - February 2022.pdf)

Housing in Atlantic Canada has seen prices increase along a sharp trajectory since the start of the pandemic, making an already challenging housing situation appear to be even more dire. Turner Drake & Partners Ltd. looked at the past four decades’ worth of housing prices, interest rates and mortgage payments, and average income.  According to the numbers, housing is about as affordable now as it was in the early 1980s, when interest rates were at record highs.