Toronto Real Estate Board Releases Affordability Charts

Prices have risen in the Greater Toronto Area, however the cost of home ownership has dropped. This recent chart from the Toronto Real Estate Board shows how increased incomes and historically low interest rates have made home ownership more affordable. I think this bodes well for the Canadian economy: Renters who become Owners renovate, buy new furniture and appliances, adding related spending and stimulating the economy.

Affordability

Related Posts:

Canadian Real Estate: Lack of Inventory Puts Upward Pressure on Pricing.

Canadian Real Estate Association Releases New Update

Leave a Reply

Your email address will not be published. Required fields are marked *