Tuesday, September 06, 2005

Quebec's housing affordability improves

RBC's analysis suggests that housing affordability in Quebec is improving:
"Quebec's homeownership costs improved as a combination of weaker housing demand and rising supply put the brakes on house price growth," said Allan Seychuk, RBC economist. "Across our four housing types, prices rose one perc cent or less from the first to second quarter, dragging the annual rate of growth down to the single digits from the double-digit range that prevailed at the end of 2004."
The full RBC Housing Affordability Index report is available online as a PDF file.

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