Thursday, March 19, 2015

BMO Housing Market

There’s an interesting article on HuffPo Canada about BMO rating of various Housing Markets around Canada. Saint John is rated as weak, which is relatively good compared to the “very weak” rating of Halifax, PEI and Newfoundland. 

An interesting aspect of the scorecard is a Price/Family Income ratio.  Saint John has a low rating in this category (2.2), which I take to mean that housing is relatively affordable.

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This is the account used for updating the Urban Plans for Saint John Blog.