Affordability Index Standard Two Storey

Housing Affordability Index

Standard Two-Storey

 

Average Price

Qualifying Income

Affordability Measure

Province

Q1 2009

Y/Y % ch.

Q1 2009

Q4 2008

Q1 2009

British Columbia

530,500

-6.3

107,600

72.7

65.3

Alberta

358,800

-9.7

80,900

42.3

36.2

Saskatchewan

301,000

-5.2

72,100

47.3

44.8

Manitoba

236,300

3.5

59,200

41.4

37.8

Ontario

348,900

-2.0

83,200

49.2

44.2

Quebec

225,100

-1.8

55,400

42.0

38.4

Atlantic

207,400

5.7

54,000

40.0

36.5

Toronto

494,600

-3.3

110,600

61.6

54.6

Montreal

299,100

-1.1

69,300

50.2

45.7

Vancouver

632,900

-9.5

125,800

77.5

68.9

Ottawa

318,500

2.8

81,000

44.3

40.8

Calgary

290,700

-12.4

84,600

42.6

36.0

Edmonton

365,300

-7.7

83,100

44.2

38.2

Canada

330,100

-3.4

76,200

49.7

44.7

Index based on a 25% down payment and a 25 year mortgage loan at a five year fixed rate. The higher the index, the more difficult it is to afford home. An affordability index of 50 means that homeownership costs including mortgage payments, utilities and property taxes take up half of a typical household's monthly pre-tax income.

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Constantine Isslamow

Real Estate Broker/Mortgage Broker/Manager

Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.

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CENTUM Core Financial Inc. Brokerage License #: 10642 Constantine Isslamow License#: M08005391

Source: RBC Financial Group Housing Affordability Index, July 2009

Constantine Isslamow

Constantine Isslamow

Broker of Record
CENTURY 21 United Realty Inc., Brokerage*
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