Sentences with phrase «quarter affordability measure»

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

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.

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).

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.

Homeownership has moved further out of reach, with affordability measured in the ATTOM Data Solutions Q4 2016 Home Affordability Index falling steeply in the fourth quarter to its lowest leveaffordability measured in the ATTOM Data Solutions Q4 2016 Home Affordability Index falling steeply in the fourth quarter to its lowest leveAffordability Index falling steeply in the fourth quarter to its lowest level since 2008.

In Alberta, the biggest cumulative drop in the history of RBC affordability measures deepened further in the second quarter, falling to levels not seen since before the housing boom.