This year is unlikely to provide substantial housing affordability relief, reports the latest Housing Trends and Affordability report from RBC Economics.

The latest Housing Trends and Affordability Report from RBC Economics found that the Canadian home ownership dream became slightly less affordable in the fourth quarter of 2014. Between November and December of last year, resale activity fell 5.6 per cent, the sharpest month-over-month decline recorded in four and a half years.