Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC.
OTTAWA - Buying a home has become more unaffordable for Canadians even asPBO
Using a methodology developed by the International Monetary Fund that examines household borrowing capacity and the ability to purchase a home in select Canadian cities, theThe national average home price was 67 per cent higher. RBC says the median Canadian household would need to spend 60 per cent of its income to cover ownership costs. For those who live in Toronto and Vancouver, the figure balloons to 83 per cent and 90 per cent, respectively.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano offers a risky buying opportunity, should ADA investors indulgeDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. ADA approaches support zone, low-risk buy with clear invalidation was present Bearish BTC meant the likelihood of further losses was high for ADA Bitcoin [BTC] dived beneath the $20k mark once again, after a decent […]
Read more »
Gold, silver rally on safe-haven buying, bullish outside marketsSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Senior Living: How to choose a mutual fundMFs are a great way to take advantage of buying into a fund, and offer diversification.
Read more »
Enbridge loads up on wind and solar with US$270M Tri Global purchase - BNN BloombergEnbridge Inc. announced Thursday it’s buying Tri Global Energy (TGE) to bolster its renewable-energy operations.
Read more »
Racism in Ontario's home buying and selling process is real, says new report | CBC NewsNew research from the Ontario Real Estate Association (OREA) shows realtors and their clients are facing racism and discrimination during the home buying and selling process, but there are no efficient ways for consumers to report such incidents.
Read more »
Canada's housing market has never been more unaffordable: RBC's Hogue - BNN BloombergBuying a home in the Canadian market has never been so unaffordable, as surging interest rates continue to drive ownership costs to record-high levels, according to Robert Hogue, assistant chief economist at RBC Economics.
Read more »