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RBC Housing Affordability Measures 101

Monday, November 28th, 2011 at 3:29pm. 6104 Views, 9 Comments.

RBC Housing Affordability Measures - November 2011Lately the news has been flooded with articles about the affordable housing market in Alberta. All this excitement was the result of the release of the RBC November report on Housing Trends & Affordability.

You may have heard Alberta had the lowest affordability measures of all the provinces in Canada:

  • Detached bungalow: 32.8%
  • Standard two-storey: 36.0%
  • Standard condominium: 21.3%

Calgary housing affordability was slightly higher than the provincial numbers but "continues to be one of the most affordable major cities in the country": 

  • Detached Calgary bungalow: 37.6%
  • Standard Calgary two-storey: 38.2%
  • Standard Calgary condominium: 23.2%

This sounds great, but what exactly does it all mean? Where do these numbers…

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