Beyond home prices: What the new CMHC affordability index reveals about Canada [MoneySense]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: MoneySense
The Canada Mortgage and Corporation (CMHC) has acknowledged this gap, which overlooks roughly one-third of Canadians who rent. Its newly released comprehensive housing affordability index changes that by including both owners and renters, while also expanding its focus beyond a handful of major metro areas. The result is a more complete view of housing affordability across the country.What’s included in the new CMHC housing affordability index?Pull up a standard housing affordability index and you’ll find it primarily looks at housing prices and vacancy rates. The goal of any of these indexes is to show how muchdisposable income it would take to afford buying a homeBut what if you have no intention of purchasing a house, condo, or apartment? That’s where the new CMHC housing affordability index comes into play. It’s unique becauseit includes rental informationResource highlightYou’re 2 minutes away from getting the best mortgage rates.Answer a few quick questions to get a personalize
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