Canada's housing affordability improved slightly in the third quarter of 2005 due to faster income growth in tightening labour markets and
slower house price increases, says the latest Housing Affordability Index released by RBC Economics.
Not exact matches
In Melbourne, where the population is growing very strongly,
housing prices are still
increasing faster than incomes, although the rate of
increase has
slowed.
Not only did it traditionally mark a financial milestone for many families, it was considered a sound economic decision, as
housing prices have consistently
increased at a
slow - but - steady pace over the last century.
A major contributor to the weakening has been a drop - off in the pace of household spending, as wages growth and the rate of
increase in
housing prices have both
slowed.
And while
price increases across Canada are expected to
slow this year because of tighter restrictions from new federal home financing rules that aim to make it harder to get a mortgage, BMO's Porter believes that Toronto and any city that is within commuting distance is in a dangerously overheated
housing market.
Bank of Canada data show that the growth in the number of mortgages has
slowed this year, although dollar volumes continue to accelerate owing to
house price increases.
January's solid 10 % rise in single - family
housing construction in will help tame home
price growth, and the
increase in multifamily units should continue to help
slow rent growth.
«This rise in single - family
housing construction will help tame home
price growth, and the
increase in multi-family units should continue to help
slow rent growth.
What's needed to spur stronger growth in the
housing market is a marked
increase in inventory through stepped - up new construction, because only more new homes will ease tight inventories and, in turn, help
slow home
price gains, helping affordability.
Economists also predict that the uptick in
housing starts, coupled with a moderate
increase in mortgage rates, will help
slow the run - up in home
prices next year.
The initial effect of the tax changes appeared to be a
slowing, rather than a reversal, of London
housing price increases.
RBC says that
housing markets across most of Canada are cooling gradually as the pace of
price increases for all four
housing classes
slowed.
Canada's
housing market showed «remarkable strength» in the traditionally
slower fourth quarter as sales activity in most major markets stimulated «robust» year - over-year
increases in average
prices, says a fourth quarter report released today by Royal LePage Real Estate Services.
«This rise in single - family
housing construction will help tame home
price growth, and the
increase in multifamily units should continue to help
slow rent growth.»
And to the degree that the changes
slow down home
price increases, if any, it would
slow down the
increases in real estate agent commissions per
house sold.
«We finally saw some rising home
prices,» S&P's David Blitzer said a few weeks ago as he reported the first monthly
increase in the
slow - moving S&P / Case - Shiller
house -
price data after seven months of declines...
Even with today's low mortgage interest rates, the
housing inventory is
increasing and
price appreciation is
slowing.
According to the report, a total of 33 countries out of 52 in the Global
House Price Index have showed increasing house prices, even when the economies of some countries have slowed
House Price Index have showed
increasing house prices, even when the economies of some countries have slowed
house prices, even when the economies of some countries have
slowed down.
House prices continue to
increase, albeit at a
slower rate, but this preceded the EU referendum result, therefore it is far too early to determine any impact since.»