By Emma Crawford Hampel
Vancouver’s housing market remains the most unaffordable market in Canada by far, and in 2016’s third quarter, affordability eroded further, according to RBC’s Housing Trends and Affordability report released December 21.
On average, in 2016’s third quarter, Vancouverites needed to spend 92 per cent of their median pre-tax household income to service the costs of mortgage payments, property taxes and utilities, based on the average market…
Source : South China Morning Post
Read more…Vancouver home affordability hits record low but may be at a turning point
