And, despite historically low interest rates,
affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stu
affordability measures such as the RBC Housing
Affordability Index, which measures home ownership costs as a percentage of household income, remain stu
Affordability Index, which measures home
ownership costs as a percentage of household income, remain stubbornly high.
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.