rates
PURCHASING POWER PICK-UP
50%
Less Purchasing Power
40%
30%
20%
TOLERANCE RANGE * EXPECTED RANGE BY END OF
peak unaffordability April 2024
10%
0%
-5%
-4% -3% -2% -1% 0% 1%
2%
3%
4% 5%
reference period August 2024
-10%
-20%
-30%
More Purchasing Power
-40%
INTEREST RATE CHANGE PP CHANGE -50%
* prices can increase by up to 20% and affordability doesn't deteriorate
SOURCE: BANK OF CANADA, GVR DOTTED LINE REPRESENTS COMBINATIONS OF RATE & PRICE CHANGES THAT YIELD CONSTANT MONTHLY MORTGAGE PAYMENTS
rennie.com
13
Made with FlippingBook - professional solution for displaying marketing and sales documents online