The U.S. ranks dead last among developed nations on
this measure of affordability, as illustrated in the subsequent figure for a single parent earning half the average wage.
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.
Measures of affordability are beginning to slide, indicating that the pool of buyers is shrinking.
Finally, they added in factors typically included in all lists, including the city's Walk Score and
measures of affordability and diversity.
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.
Not exact matches
The Ontario government introduced a package
of 16
measures Thursday designed to tame runaway home prices in Toronto and surrounding cities, and improve
affordability for those hoping to own or rent property.
Rabidoux also mentions the RBC
measures have other «flaws» that contribute to the overestimation
of affordability.
Zeke Emanuel, Aaron Glickman, and David Johnson propose in the Journal
of the American Medical Association a new «
affordability index» as a way to
measure health costs in America.
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).
During the second quarter
of 2014,
affordability measures at the national level fell by 0.9 percentage points to 48.0 per cent for two - storey homes, by 0.6 percentage points to 42.5 per cent for detached bungalows and by 0.4 percentage points to 27.4 per cent for condominium apartments.
«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.
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 NATIONAL ASSOCIATION
OF REALTORS ®
affordability index
measures whether or not a typical family could qualify for a mortgage loan on a typical home.
In 2013, as part
of a broader package
of fiscal
measures, Tonga lowered import duties from 20 % to 5 % for imported fresh, tinned or frozen fish in order to increase
affordability and promote healthier diets.
De Blasio said that he believed including such a
measure would undermine the
affordability of his housing plan.
At noon, NYC Public Advocate Tish James announces
measures to expand
affordability of child care, City Hall steps, Manhattan.
Standard & Poor's Ratings Services said the capital plan «stays within all
of New York's
affordability measures.
At 12:30 p.m. on Monday, Public Advocate Letitia James will «announce
measures to expand
affordability of NYC child care.»
Affordability measures are included in bids The City Council - adopted resource plan, which also projects the construction
of a 500 - MW natural gas plant, envisions that Austin Energy will acquire the solar energy by 2017 if the power is «available and affordable.»
Policies are needed to promote the availability,
affordability and acceptability
of fresh fruit through educational and regulatory
measures.»
The three Oakland housing
affordability measures our Teacher Advisory Group members wrote about last week all passed with over 70 %
of the vote!
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.
But time is on your side right now: Home values are continuing to climb, with the median existing single - family home price increasing in 148
of the 178 cities
measured by the National Association
of Realtors ®» latest Metropolitan Median Area Prices and
Affordability quarterly study.
To account for this, we
measured the
affordability of New York's towns and cities from the standpoint
of local incomes as well as property values.
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.
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.
Outside
of the two hottest markets, RBC's
affordability measure is generally close to the historical average, and recent trends have been either stable or improving slightly.
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.
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.
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.
The HOME investment amount may be reduced pro rata based on the time the homeowner has owned and occupied the home
measured against the required
affordability period; except that the City's recapture provisions may not allow the homeowner to recover more than the amount
of homeowner's down payment, principal payments, and any capital improvement investment.
It doesn't make sense to use your gross monthly income when
measuring mortgage
affordability, because much
of that income is lost to taxes.
This
measure is part
of a package
of reforms to reduce pressure on housing
affordability in Australia.
Note that the rental
affordability score
measures each city's percentage
of jobs with a median income that can afford a two - bedroom apartment.
For that reason, we
measure affordability by the share
of median income that residents pay for a 30 - year fixed mortgage on a typical home.
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.
Still, the
affordability measure has more relevance to newer home buyers since the vast majority
of Canadians will have bought their homes in the past, when prices were lower.
The
affordability index
measures the percentage
of pre-tax household income that is needed to service the cost
of owning a home at current market prices, including payments for a mortgage, utilities and property taxes.
In Ontario as a whole, the
affordability measure of 44.9 per cent for bungalows and 51.0 for two - storey homes represented a 24 - year high.
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.
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.
Even though marketing may not be your favorite thing in the world, it has all kinds
of benefits for your veterinary practice, including its overall
affordability and the opportunity for you to
measure just how effective your efforts are.
While nature, relative proximity to the city, space, and
affordability may be the most obvious appeals
of the Catskills, what the area also offers is that complex dynamic between town and country — a chance to
measure how urban notions
of culture fit within the rural setting, and the kinds
of esthetic, social, and political navigations that artists make in dealing with the land and its people.
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.
In addition to the official IAEG global indicators —
measuring the proportion
of victims
of violence that report their victimization to the police as well as unsentenced detainees as a proportion
of the overall prison population — WJP's Index scores provide a holistic picture
of the accessibility,
affordability, impartiality, and effectiveness
of civil justice systems, and
of the capacity
of criminal justice systems to investigate and adjudicate criminal offenses through an impartial system that protects the rights
of victims and the accused.
Monitor and evaluate patients» reasonable access to cannabis for medical purposes through the implementation
of the new system, with action as required to ensure that the market provides reasonable
affordability and availability and that regulations provide authority for
measures that may be needed to address access issues
The bipartisan
measure essentially calls for a 4 - year «time out» on further implementation
of the rate structure until FEMA completes the
affordability study required by Biggert - Waters and also proposes a regulatory solution to issues found in the study.