Housing Affordability Monitor - 2021Q4 - NBC

Economics and Strategy Housing Affordability MonitorFebruary 28, 2022 Housing Affordability deteriorated in every quarter of 2021By Kyle Dahms & Alexandra DucharmeHousing Affordability in Canada worsened by points in Q4 21, marking a fourth consecutive quarterly deterioration. Over the past year, Affordability has worsened at the fastest pace in more than 26 years. As a result, it would take of income for a representative household to service the mortgage on a representative home in Canada (see chart on the left). This level is a bit more than the last cyclical high seen in 2018Q4 and marks the worst Affordability since the mid-90`s with Toronto, Hamilton, Ottawa and Halifax showing levels not seen since the start of this century.

Housing Affordability Monitor February 28, 2022 H o u s i n g a f f o r d a b i l i t y d e t e r i o r a t e d i n e v e r y q u a r t e r o f 2 0 2 1 By Kyle Dahms & Alexandra Ducharme Housing affordability in Canada worsened by 2.1 points in Q4’21, marking a fourth consecutive quarterly deterioration. Over the past year, affordability has ...

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  Housing, Monitor, Affordability, Housing affordability, Housing affordability monitor, H o u s i n g a f f o r d a b i l i t y

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