The Financial Post reports in its Wednesday, March 4, edition that housing affordability in Canada improved for the eighth consecutive quarter in late 2025, driven mainly by the condo market. The Post's Shantae Campbell writes that National Bank of Canada's latest Housing Affordability Monitor reports that while affordability has improved, housing costs still exceed historical averages. The mortgage payment on a representative home fell to 51.6 per cent of median household income -- the lowest level in nearly four years but still well above the long-term average of 40.5 per cent. Beneath the headline improvement, the condo market is doing much of the heavy lifting. Nationally, affordability improved by 0.6 percentage points for condos in the quarter, compared with a 0.4-point improvement for non-condo homes. "Most of the improvements in the last year have occurred in the markets that were the most stretched, rather than in areas with relatively more affordable housing," the report said. Within those markets, the adjustment has been most evident in condos, where prices have softened more materially. Much of the improvement in affordability was thanks to income growth rather than lower borrowing costs.