Sentences with phrase «cent of household monthly»

According to Vancity, based on the average income of Vancouverites, the average property now requires more than 48 per cent of household monthly income.

(1) This figure greatly exceeds the recommended 32 per cent of household monthly income that the Canadian Mortgage and Housing Corporation deems affordable.

Not exact matches

A household with a $ 360,000 mortgage and a gross income of $ 63,000, for example, would have to pay an extra $ 180 monthly, around 3.5 per cent of income.

The 2016 figures showed a further worsening of Hong Kong's wealth gap, as the richest 10 per cent of households - with a median monthly income of HK$ 112,450 - earned 44 times more than the poorest 10 per cent making an average of HK$ 2,560.

For example, an affordability reading of 50 per cent means that homeownership costs, including mortgage payments, utilities and property taxes, would take up 50 per cent of a typical household's monthly pre-tax income.

Sample this: If your monthly household budget is Rs 50,000 at present, it will become Rs 53,000 going at an average inflation rate of 6 per cent.