Best Deals in Real Estate: Methodology
Here's how we came up with our Best deals in real estate list.
Here's how we came up with our Best deals in real estate list.
The Best Deals in Real Estate is based on 35 urban markets tracked by Canada Mortgage and Housing Corporation (CMHC). Information was obtained from the CMHC and Moneysense’s Best Place to Live editorial research.
For each city covered, we obtained data from 17 different measurements and grouped these into the broader categories of Value, Momentum and Economy.
Value has six items consisting of:
Momentum has seven items consisting of:
Economy has four items consisting of:
Cities were ranked for each of the 17 data items and assigned points beginning at 100 and dropping to 49 depending on the cities’ position in the ranking. (Time to buy was valued at five times the weight of the other categories.)
Points were totaled for each category and then the three categories were summed. Averages based on the three categories were assigned and the appropriate letter grade was attached to each category.
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