Housing affordability

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RBC’s housing trends & affordability report

By | 2017-01-23T12:11:09+00:00 September 30th, 2010|Categories: Realty Talk|Tags: |

As per RBC, fears of a Canadian housing market crash overblown. You may have noticed a lot of stories in the press recently about a significant risk of a collapse in housing values.  These concerns are based on the belief that the increase in house prices [...]

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False Affordability Can Undermine Home Ownership

By | 2017-01-23T12:11:19+00:00 January 26th, 2008|Categories: Realty Talk|Tags: |

US housing deflation has stripped away billions in home equity. The recessionary result has freaked out financial markets and now threatens the global growth including Canada. These days, to afford an average two-storey house now takes 53% of the median pre-tax income of families in Toronto, 47% [...]

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