Monday, November 28, 2011

Affordability Index for Vancouver at 90.6%

Real estate becoming more affordable: RBC
Everywhere except the large metropolitan areas, that is.

For example, an affordability reading of 50% means that home-ownership costs, including mortgage payments, utilities and property taxes, take up 50% of a typical household's monthly pre-tax income.

The index in Vancouver stands at 90.6%, Toronto 52.1% and Montreal 40.9%.

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