From mid-2004 to early 2008, the cost of home ownership more and more of a portion of family incomes, however this trend reversed in the final months of 2008.

 This affordability in the last quarter of 2008 covered all housing segments, detached bungalows, townhouses, condos and two-storey homes.
RBC's affordability on a national level was:

• Maintaining a detached bungalow costs 43.7 per cent of household income
  
• Maintaining a townhouse...35.4 per cent
  
• Maintaining a condo...........30.1 per cent
  
• Maintaining a two-storey..50.0 per cent

Improvements were related to lower interest rates and downward pressure on new and resale home prices improving affordability in most Real Estate markets.

The Toronto Real Estate Market has been showing strength, month over month with higher sales and improving prices, even in these uncertain economic and political ( more Tax ) times.