Real estate affordability improves, but B.C. still most expensive province to own a home

Fri, Mar 1, 2013

Vancouver Real Estate

British Columbia’s housing affordability saw noticeable improvements in the fourth quarter of 2012, but it remains the priciest province in which to own a home, the latest Housing Trends and Affordability Report released today by RBC Economics Research shows. “Affordability improvements across most housing types in the fourth quarter were welcome news to prospective buyers in British Columbia,” said Craig Wright, senior vice-president and chief economist, RBC. “Still, the market has a long way to go before affordability reaches less stressful levels.”

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