 鲜花( 1)  鸡蛋( 0)
|
买 ?? 卖 ?? 6 k5 R8 P2 G2 I( O4 P* v
6 r/ ?' T ? U4 e8 v; Q
ZT: Cost of home ownership continues to rise: RBC* U0 S6 U$ a2 Q; F/ {$ I2 d
& p) [8 o" c8 v1 q3 \% Y+ N( z- Q. k
Canadian Press+ k U E: F( ^0 x7 `+ g9 W2 o
7 [% `) o, {! YWednesday, September 12, 2007
8 e% I" F* V" E g, v9 d* B0 _! A8 J& w
TORONTO — The cost of owning a home in Canada continued to climb in the second quarter as affordability in Western Canada showed the biggest change, according to a new report by the Royal Bank.
) E/ q0 s! i. u* e4 ~! _) G4 I$ a5 ^( U3 Z. f3 ~
Saskatchewan suffered its worst ever quarterly deterioration of affordability on record, according to the bank, as an influx of people caught the housing supply off guard.
% Z- p) v9 e1 p/ Q+ M
* b. B0 [) E/ E* _, z2 ?“In the second quarter, Canada's housing affordability experienced one of the largest and most broadly based quarterly deteriorations since the mid-1990s,” said Derek Holt, assistant chief economist, RBC.- G9 A2 T, n3 Q; K# J' \
- o0 \' ?" i$ U! g A
“Higher house prices, mortgage rates, utilities and property taxes all combined to drive the country-wide deterioration.”
( L6 \" M% P* `; u0 c- B9 x8 M! m: f7 W
The report measures the proportion of pre-tax household income needed to service the costs of owning a home. The higher the reading, the more costly it is to afford a home" }5 }9 Z3 T" U1 i- F+ f* N) _
/ N* p: o! {7 f2 ^6 k9 T5 ~/ lThe bank said a standard condo was the most affordable, requiring about 29 per cent of income compared with 27.5 per cent in the first quarter.
! z& u+ \. Z4 F4 g
+ y' k& C. g' l8 J8 EA standard townhouse was next at 33 per cent, up from 31.5 per cent in the first quarter followed by a detached bungalow which increased from 39 per cent to 41 per cent in the second quarter.
7 |( @% M t* w5 ?
& x# [! k" Q# y! \ t, TA standard two-storey home was 46 per cent, up from 44 per cent in the first three months of the year. G6 _: U U) ]- |
- t, W0 I- S2 Z: X! b3 n4 `; j) VSaskatchewan, Alberta and B.C. saw the biggest increase in costs in the quarter.
0 N) i7 s+ A2 L/ T9 b( K# Q
/ G/ o$ M4 C& `+ {! U4 hAffordability fell about 20 per cent in Saskatchewan with no signs that prices were letting up yet, but the bank said the high prices were starting to weigh on demand.
v% m) q2 d( b$ e, `: V# ?. j! i# @2 q6 _/ ^. n
Among Canada's largest cities, a detached bungalow in Vancouver was the most expensive with the proportion of pre-tax household income needed to own a home coming in at 71 per cent. Toronto and Calgary followed at 45 per cent, Montreal at 36 per cent and Ottawa at 31 per cent./ z& H: ^% T6 M. G k) W4 }
$ n2 m! A/ {% G“Market conditions in Vancouver have loosened up during the year, but conditions remain tilted in favour of a seller's market and are still supportive of fairly strong price gains,” the report said. |
|
狗仔卡
发表于 2007-9-12 08:55
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
