Sentences with phrase «outpace house price growth»

In Quebec, housing affordability erosion was less severe this quarter as income gains and utility relief managed to outpace house price growth.

Not exact matches

Having acquired so much debt, Canadians are vulnerable to rate increases, and housing price gains have vastly outpaced wage growth.

By median value, house prices rose by 1.4 % in large tier one cities in December, outpacing a gain of 0.3 % for smaller tier two cities and flat growth in smaller tier three and four cities.

In many cities, home - price gains have outpaced wage and income growth over the last couple of years, and this kind of trend can lead to housing affordability issues.

The housing affordability issue in San Diego has been well documented, and it could worsen over the coming years as home price appreciation outpaces income growth.

If the growth of mortgage lending outpaces the supply of new homes, this will inevitably bid up house prices.

Housing prices have outpaced income growth by two or three times in most Canadian cities over the past five years.

The National Association of REALTORS (R) recently reported that housing affordability has fallen to a five - year low as home price increases have outpaced income growth.

«Affordability has fallen to a five - year low, as home price increases easily outpaced income growth,» Lawrence Yun, chief economist for the National Association of REALTORS ®, noted in a recent housing report.

Koberlein cites a mix of factors — strong demand for housing outpacing the available supply; attractive mortgage rates; a muscular stock market; baby boomers seeking a warmer retirement locale; and an expanding local job market — to forecast continued local growth in housing sales and pricing for 2018.

An unfortunate byproduct of the housing market growth is prices outpacing wage growth by almost double, meaning fewer people are going to be able afford homes in the coming years.

«Across Canada, housing affordability further eroded as rising house prices outpaced income growth in the third quarter of 2006,» says Derek Holt, assistant chief economist, RBC, in a news release.

Buying, the study states, is still more affordable than renting in 58 percent of U.S. housing markets despite home price appreciation outpacing rent growth in 55 percent of markets.

«As home price appreciation continues to outpace rental growth in most areas, renting has clearly become the lesser of two housing affordability evils,» said Daren Blomquist, vice president at Attom, in a statement.

«Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is shrinking as home price appreciation continues to outpace rental growth in most areas,» said Daren Blomquist, vice president at ATTOM Data Solutions.

«Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is shrinking as home price appreciation continues to outpace rental growth in most areas,» said ATTOM Data Solutions vice president Daren Blomquist in a press release.