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xcellatplay1
Guest
(from pg 2 of the RoyalBC housing affordability march 2007 issue)
see link
www.rbc.com/economics/mar.../house.pdf
Sources: Statistics Canada, Royal LePage, RBC Economics Research
.........
(in reference to Toronto)"This marks the second consecutive quarter of price declines for condos with average prices falling from
$266,705 in the second quarter down to $259,934 in the final quarter. However, annual gains in the condo sector still remain in the healthy 6% range."
..........
RBC Economics Research’s housing affordability measures show the proportion of median pre-tax household income required to service the cost of mortgage payments (principal and interest), property taxes and utilities on a detached bungalow, a standard two-storey home, a standard town house and a standard condo (excluding maintenance fees).
could this finally represent a stabilling flatter condo build?
opinions
see link
www.rbc.com/economics/mar.../house.pdf
Sources: Statistics Canada, Royal LePage, RBC Economics Research
.........
(in reference to Toronto)"This marks the second consecutive quarter of price declines for condos with average prices falling from
$266,705 in the second quarter down to $259,934 in the final quarter. However, annual gains in the condo sector still remain in the healthy 6% range."
..........
RBC Economics Research’s housing affordability measures show the proportion of median pre-tax household income required to service the cost of mortgage payments (principal and interest), property taxes and utilities on a detached bungalow, a standard two-storey home, a standard town house and a standard condo (excluding maintenance fees).
could this finally represent a stabilling flatter condo build?
opinions