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ZT: Cost of home ownership continues to rise: RBC

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发表于 2007-9-12 08:55 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
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  [. E5 e: M/ @2 N5 }% @ZT: Cost of home ownership continues to rise: RBC' V# z4 W2 B" i3 d. C$ Y7 m
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Canadian Press/ O: g* v! P" S; k" Q7 q; O. v; ?

! t' A  E/ s! I( {Wednesday, September 12, 20070 _4 y8 V9 \6 N; X) q6 P( ~' ]  b

# H, R* w5 f8 @) }( i- nTORONTO — 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.. J8 Q2 o& g' ^  V$ z9 n& O

4 w/ l1 m$ M' \7 z+ Q2 w! U. BSaskatchewan 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.
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# w( p. W, K; v6 M2 Z! q“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.4 A4 O6 J$ k* v4 Z1 @- Y$ ]7 o

$ @  R( z; ?, A( v1 |“Higher house prices, mortgage rates, utilities and property taxes all combined to drive the country-wide deterioration.”
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& u. o, }4 n5 q8 zThe 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
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The 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.
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A 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.
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A standard two-storey home was 46 per cent, up from 44 per cent in the first three months of the year.
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6 A$ |8 ^9 B  w3 R* \9 ZSaskatchewan, Alberta and B.C. saw the biggest increase in costs in the quarter." t  H3 s) j0 c7 m7 N# I. M
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Affordability 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.: S6 d, s2 ?& X9 U% W0 f
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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.
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“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.
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发表于 2007-9-12 09:03 | 显示全部楼层
The prices of reasle homes are falling, how about new homes in Edmonton?
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发表于 2007-9-12 09:43 | 显示全部楼层
Cost of home ownership continues to rise,RENT WILL BE CONTINUING TO RISE AS A RESULT
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