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Canadian housing more affordable last quarter

Posted on 30 November 2010

From Ctv.ca: Royal Bank of Canada says the cost of home ownership was more affordable in the third quarter, thanks to a drop in mortgage rates and softer house prices since earlier in the year.
The bank’s affordability measure shows how much pre-tax income is required to service the cost of mortgage payments, property taxes and utilities for the home……………………………………….Full Article: Source


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