This is a Canada news story, published by financialpost, that relates primarily to RBC news.
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national home pricefinancialpost
•75% Informative
It took 59.5 per cent of the median household income to own a home in Canada in the second quarter .
That's down from 63.7 per cent at the end of 2023 .
The housing boom fuelled by the rock-bottom lending rates of the pandemic pushed home prices to dizzying heights in Canada .
But when mortgage rates shot up, RBC ’s housing affordability measure deteriorated to the worst in history.
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VR Score
82
Informative language
83
Neutral language
58
Article tone
formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
15
Source diversity
8