The Bank of Canada's recently revamped Housing Affordability Index says «yes,» while the more widely - known RBC Housing
Affordability Measures says «no,» claiming that home ownership costs now exceed the long - term average.
Not exact matches
«Owning a home at market price in Canada still took an abnormally large bite out of household income, but RBC's aggregate
affordability measure was unchanged in the fourth quarter after a string of six quarterly increases,»
said Craig Wright, senior vice-president and chief economist, RBC.
He also specifically addressed the decline in the state's population,
saying he will propose
measures designed «to address
affordability» in New York.
De Blasio
said that he believed including such a
measure would undermine the
affordability of his housing plan.
Schumer
says he's supporting a
measure to delay the spike until the Federal Emergency Management Agency completes its national study which includes considering
affordability.
Standard & Poor's Ratings Services
said the capital plan «stays within all of New York's
affordability measures.
Sousa will outline Ontario's plan to address housing
affordability in next week's fall economic statement, but he wouldn't
say if he plans to offer tax breaks to first - time buyers or take
measures to help lower prices.
A spokeswoman for Premier Kathleen Wynne
says the tax is one of the
measures being examined as the province readies to unveil a much - anticipated package of housing
affordability measures.
TORONTO — Federal and Ontario finance ministers
say that while they are concerned about diminishing housing
affordability in Toronto, they will not introduce
measures for homebuyers that could impact house prices in the city by boosting demand.
TORONTO — Ontario Premier Kathleen Wynne
says her government will introduce a package of housing
affordability measures «very soon» that she believes will have a swift impact on the hot Toronto - area housing market.
Robert Hogue, a senior economist with RBC,
says that housing
affordability, as
measured by the percentage of household income needed to pay monthly mortgage, property tax and utility bills, hasn't been this low in years.
Luckily, Canada's most populous province is considering
measures to enhance housing
affordability while avoiding moves to actively lower home prices, people familiar with Ontario's plans
said.
All
affordability measures are now below historic averages,
says the report, indicating that homeownership costs are at attractive levels in the province.