Sentences with phrase «rising house prices outpaced»
«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.
http://www.remonline.com/ Not exact matches
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.
But as NAHB economist Natalia Siniavskaia points out in a recent Eye On Housing blog post, it's largely due to the rising prices of labor and materials, which are outpacing the increasing cost of lots.