CAR has been publishing its traditional housing affordability index since 1988 and described the first quarter of 2012 as the most affordable quarter yet. (re-insider.com)
The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers. (nar.realtor)
Canada's housing affordability «mildly deteriorated» in the fourth quarter of 2005 due to relatively weak growth in household income, says the latest Housing Affordability Index released by RBC Economics. (remonline.com)