housing affordability

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CondoBusiness

Housing affordability declines in Q4 2014: RBC

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.
5474211395_8fd5618d0e_b

CondoBusiness

Housing affordability weakest in B.C.: report

This year’s Demographia International Housing Affordability Survey found that Vancouver is the world’s second most unaffordable housing market behind Hong Kong. In fact, of the five least affordable residential housing markets in Canada, four were found in British Columbia. Victoria, Kelowna and the Fraser Valley made the cut along with Toronto, Ont.
Toronto Condos

CondoBusiness

Housing affordability increased in Q3: RBC

According to a recent Housing Trends and Affordability report from RBC Economics, housing affordability in Canada increased in the third quarter of 2014, despite an upward trend in house prices. Factors affecting affordability included declines in fixed mortgage rates, rising incomes and reduced utility costs, say economists.