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Stories Tagged - Income
News
June 25, 2015 | CREBNow
Making it easier
New report shows energy uncertainty creating options for buyers
For Calgarians looking for a new home, the financial cloud hovering over the province's oil patch may have a silver lining.
According to RBC's latest Housing Trends and Affordability Report, homes in the city became more affordable during the first quarter of 2015.
The bank's index, which measures the percentage of household income required to service the price of owning a home, showed costs in Calgary fell across all housing types in 2015.
For Calgarians looking for a new home, the financial cloud hovering over the province's oil patch may have a silver lining.
According to RBC's latest Housing Trends and Affordability Report, homes in the city became more affordable during the first quarter of 2015.
The bank's index, which measures the percentage of household income required to service the price of owning a home, showed costs in Calgary fell across all housing types in 2015.
News
May 28, 2014 | Cody Stuart
Secondary income
Rental crunch, rising housing costs highlight value of secondary suites for first-time homebuyers
Like many buyers, Karen Coyle had a checklist when shopping for her first home.
Near the top of that list was the option to add a secondary suite.
"I wanted to make sure I bought a house I would be able to afford without the help of the income from the suite," said Coyle. "But I also wanted to buy a house that could easily be suited, so that I would have a buffer in case mortgage prices rose."
Like many buyers, Karen Coyle had a checklist when shopping for her first home.
Near the top of that list was the option to add a secondary suite.
"I wanted to make sure I bought a house I would be able to afford without the help of the income from the suite," said Coyle. "But I also wanted to buy a house that could easily be suited, so that I would have a buffer in case mortgage prices rose."
