Housing Affordability Monitor - National Bank

The mortgage payment on a representative home as a percentage of income (MPPI) rose 0.7 point after a 2.3-point decline in Q3’19. Seasonally adjusted home prices increased 1.8% in Q4’19 from Q3’19; the benchmark mortgage rate (5-year term) edged up 3 basis points; while median household income ................
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