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- Canada's inflation rate has cooled to 2%, leading economists to believe the affordability crisis may not worsen further, though housing and food costs remain high.
- Mortgage interest rates are expected to decrease, potentially bringing down rent costs by the end of 2024.
- Despite this, the full economic relief from lower rates may not be felt until 2026.
Affordability Crisis May Be Peaking in Canada, Economist Predicts
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