Canada Housing: Prices Keep Rising as High Mortgage Rates Squeeze Affordability

Canadian home prices grew 2.1% year-over-year in June, even as high mortgage rates continue to keep the market "under pressure" and sideline many prospective buyers.

Money Moves

• Home prices rose again — The S&P Cotality Case-Shiller 20-City Composite Index showed prices up 2.1% year-over-year, with mortgage rates holding steady around 6.5% during the peak summer buying season
• Shelter costs driving crisis — Out-of-pocket shelter expenses have...