Sentences with phrase «affordability index rose»

Vancouver's affordability index rose 0.9 points to 82.4 per cent; Toronto's by 0.2 points to 56.1 and Calgary's by 0.9 points to 34.5.

(When the affordability index rises above 100, it means that the average household earns more than enough to afford mortgage payments on a median - priced home.)

Not exact matches

That's a rise of 2.2 weeks of work required to purchase a new vehicle, the biggest one - quarter deterioration in affordability ever recorded by the index.

With house prices continuing to rise, RBC said its affordability index deteriorated in the first quarter of this year — the third quarter that has happened out of the last four — with the deterioration particularly acute in the hot markets of Toronto, Calgary and Vancouver.

Housing affordability decreased in the third quarter as home prices and mortgage rates were on the rise and put housing out of reach for more families, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Index.

Despite rising house prices, Canada's housing affordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher prices, says the latest Housing Affordability Index from Raffordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher prices, says the latest Housing Affordability Index from RAffordability Index from RBC Economics.

There is no doubt that with home prices and mortgage rates on the rise, the affordability index will continue to fall.

«It is noteworthy that affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values.»

«Movements in the index have been uneven, reflecting the head winds of tight credit, but job gains, high affordability and rising rents are hopefully pushing the market into what appears to be a sustained housing recovery,» Yun says in a statement.