Daily Archives: December 8, 2011

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Low Rates Improve Home and Condo Affordability

Blog, UncategorizedBy Tom Sapinski December 8, 2011 Leave a comment

For an explanation, Canadians can look to the European sovereign-debt crisis, according to the latest Housing Trends and Affordability report by RBC Economics. The report found the average housing cost of a standard two-storey home was 48.8% of the median pre-tax income, down 0.6% from the previous quarter. “It appears that developments related to the…

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