Housing affordability - MoneySense

Housing affordability

Affordability may be improving but we’re far from seeing a trend, RBC says.

  • It became ever so slightly more affordable to own a home in Canada during the fourth quarter, new RBC Economics data shows. The cost of owning a family dwelling eased between 0.2% and 0.3% depending on the type of unit. The improvement came after small decreases in mortgage costs and house prices in a number of markets. The biggest drops were seen in Vancouver though housing affordability in British Columbia still has a long way to go before reaching less stressful levels, the bank said.
  • Credit card companies are always trying to get you to sign up for additional services. Here are 3 credit card products you should avoid, courtesy of Boomer and Echo.
  • Check out Preet Banerjee’s latest Mostly Money, Mostly Canadian podcast. In it, he talks to regular guy who  transitioned from using a financial adviser to become a DIY investor. He even explains how the adviser could have kept him if he had tried harder.