Affordability stable, with some bumps due to large construction projects

Affordability stable, with some bumps due to large construction projects.

from the Vancouver Sun.

Inner Metro (includes North Van)- Detail in ‘affordability q2’
 Price          Mtg         required income for 32%
MLS re-sale concrete
$385,000 $1,460 $54,736 
condominiumsMLS re-sale wood
$306,000 $1,160 $43,505 
frame condominiumsMLS re-sale townhomes
$472,500 $1,567 $58,779 
MLS single family
$913,000 $2,812 $105,465
Will the increased supply of condos in North Van help affordability?
.

 

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