Sue-Ann Shaw is shopping for a home and hoping to buy within the next year.

“I want a nice kitchen, two car garage,” she said, but many of the things on her wish list are out of her budget.

“The cost of living down here is crazy. It's astronomical,” Sue-Ann said.

BUYING A HOME

Homebuyers like Sue-Ann are facing high prices, high interest rates and high property insurance rates. This trifecta is making the dream of owning a home out of reach for many, even as the real estate market cools.

Lender data handed over to the federal government shows the number of people applying for mortgages has sharply dropped since 2021 when interest rates were at an all-time low.

Now, in 2025, many people feel like they have been priced out of the market.

'EVERYTHING IS HIGHER'

“We have inflation acro

See Full Page