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Royal Bank of Canada’s Housing Affordability Measure Add to ...

RBC's index underlines the impact of interest rates on housing costs. It tracks the proportion of pre-tax household income required to pay principal and interest on a mortgage, along with property taxes and utilities and shows a huge spike in the early 1980s and again in the early 1990s, when interest rates jumped dramatically.

RBC Affordability Measures

% of Median Household Income

SOURCE: Royal Bank of Canada

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