Sentences with phrase «housing affordability measures»

Other key elements of the agreement call for redefining housing affordability measures so that they include transportation costs, redeveloping underutilized sites and performing research to develop a way to evaluate the livability of communities.

The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Act 2017External Link and First Home Super Saver Tax Act 2017External Link became law on 13 December 2017.

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.

TORONTO — The Ontario government is expected to unveil a suite of housing affordability measures in the coming days aimed at cooling soaring home prices in the Greater Toronto Area.

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.

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.

The three Oakland housing affordability measures our Teacher Advisory Group members wrote about last week all passed with over 70 % of the vote!

I've mentioned, for example, the RBC Housing Affordability Measures indicator.

Some housing bears are making a mistake by disregarding the RBC Housing Affordability Measures.

Aggregate housing affordability measure for Toronto hit its most stressed level in a quarter century

RBC's housing affordability measure for the benchmark detached bungalow in Canada's largest cities in the second quarter of 2014 is as follows: Vancouver 81.8 (down 0.3 percentage points from the previous quarter); Toronto 55.9 (down 0.2 percentage points); Montreal 37.3 (down 1.6 percentage points); Ottawa 36.0 (down 0.4 percentage points); Calgary 33.6 (down 0.8 percentage points); Edmonton 31.7 (down 1.1 percentage points).

The RBC Housing Affordability measure, which has been compiled since 1985, is based on the calculated costs of owning a detached bungalow (a reasonable property benchmark for the housing market in Canada) at market value.

The RBC housing affordability measure captures the proportion of pre-tax household income that would be needed to service the costs of owning a specified category of home at current market values (a fall in the measure represents an improvement in affordability).

On the personal income housing affordability measure, Australia ranks fourth behind France (34), the Netherlands (33) and Canada (32) while on a rents measure, Australia ranks third behind Hong Kong (81) and Singapore (57).

The RBC Housing Affordability Measure shows the proportion of median pre-tax household income required to pay the principal and interest on a mortgage, property taxes and utilities.

A new housing affordability measure, the REALTORS ® Affordability Distribution Curve and Score from the National Association of REALTORS ® (NAR) and realtor.com ®, affirms the imbalance between housing costs and wages — and indicates inventory will continue to be constrained this spring.

The RBC Housing Affordability measure captures the proportion of pre-tax household income needed to service the costs of owning a home.

Not exact matches

At this juncture the housing bears may argue that it is imprudent to use RBC affordability measures given interest rates are low and most likely to go up.

RBC's aggregate measure for housing affordability in Canada rose by 1.2 percentage points in the second quarter to 42.8 per cent, the biggest quarterly increase in six years.

The left - leaning New Democratic Party (NDP) came to power last year with a pledge to improve housing affordability and its first full budget is expected to include measures to curb speculative demand, crack down on tax cheats and money laundering, and stabilize housing markets.

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 stuaffordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuAffordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.

De Blasio said that he believed including such a measure would undermine the affordability of his housing plan.

TORONTO — Ontario's highly anticipated package of housing measures is set to be announced Thursday and will take aim at speculators, expedite more supply, tackle rental affordability and look at realtor practices.

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.

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.

Here are five potential measures the province could bring forward to tackle housing affordability.

At the same time, measures to make mortgages more difficult to obtain result in reduced housing affordability.

In October, the federal government implemented new measures designed to slow the housing sector, including higher affordability thresholds that borrowers have to meet to qualify for mortgages.

On a more simple measure of affordability, the median house price of the marginal Liberal seat held by Malcolm Turnbull — which needs a swing of 3.9 per cent to change hands — is a staggering $ 1.65 million.

Housing prices remain high based on traditional measures such as affordability and rental returns.

This measure is part of a package of reforms to reduce pressure on housing affordability in Australia.

As another measure to tackle housing affordability, beginning in the 2018 tax year, the provincial government will enforce a new annual speculation tax on residential real estate targeted at foreign and domestic homeowners who do not pay income tax in BC.

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.

Housing affordability, which takes income into account, is arguably a more useful measure.

We call this measure the Real Life Ratio — a more realistic approach to house affordability than the gauges used by banks and other lenders.

The study uses NAR housing data and income statistics from the U.S. Office of Management and Budget to measure affordability in nearly 200 metros across the U.S.

Toronto's housing market shot into the stratosphere over the ensuing months, prompting the Ontario government to put in place a nearly identical measure (city council in Victoria, concerned about an affordability crisis, debated but ultimately rejected a foreign buyer tax recently).

Then, in April, the Ontario government introduced the Fair Housing Plan, a slate of measures to address affordability including a 15 per cent tax on foreign buyers in the GTA and surrounding area.

The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

A portion of this money would go to construction of new affordable housing units, although the majority of it will expand on the current focus on renovation and repair of existing affordable housing, as well as measures to support housing affordability such as rent supplements.

The majority of it will expand on the current focus of funding renovation and repair of existing affordable housing, as well as measures to support housing affordability such as rent supplements.

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.

The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

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 firstAffordability 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 firstaffordability conditions for first time buyers.

The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

For each state, REALTORS ® Affordability Distribution Curve shows how many houses are affordable to households ranked by income while REALTORS ® Affordability Distribution Score is the measure which is intended to represent affordability for all different income percentiles in a siAffordability Distribution Curve shows how many houses are affordable to households ranked by income while REALTORS ® Affordability Distribution Score is the measure which is intended to represent affordability for all different income percentiles in a siAffordability Distribution Score is the measure which is intended to represent affordability for all different income percentiles in a siaffordability for all different income percentiles in a single measure.

The REALTORS ® Affordability Distribution Curve and Score measures housing affordability at different income percentiles for all active inventory oAffordability Distribution Curve and Score measures housing affordability at different income percentiles for all active inventory oaffordability at different income percentiles for all active inventory on the market.

«Measures to improve affordability will allow more people to invest here and will ensure BC's housing market remains strong.

The RBC Affordability Index, which measures the proportion of pre-tax household income needed to service the costs of owning a home, stands at 24.6 per cent for a standard condo, which remains the most affordable housing type.

One common measure of affordability — the ratio of median house prices to household income — fell to 3.4 last year, the lowest level since 1995 and in line with the two decades ending in the year 2000.