Price
Filters
RSS

Housing affordability continues to trend sideways in Saskatchewan: RBC

Posted on by
Even though home prices made some small gains, incomes increased faster and Canadians saw a slightly improved picture in housing affordability through the fourth quarter of 2013, according to RBC’s latest Housing Trends and Affordability report. RBC Economics measures housing affordability in and across Canada by studying and reporting on the percentage of income required to pay for housing in various categories.


Closer to home, Saskatchewan home buyers saw a continuation of a “sideways trend” with affordability levels at historical norms as market activity was “quite stable at elevated levels for the second consecutive quarter.”


Right here in Saskatoon, home ownership costs as a percentage of income also remained stable across the three most popular housing types.


Read the entire RBC Housing Trends and Affordability report.


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


Norm Fisher

Royal LePage Saskatoon Real Estate

Comments:

No comments

Post Your Comment:

Your email will not be published
Powered by myRealPage.com
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.