Share Affordability levels in Manitoba remained in line with the long term averages, as provincial real estate activity picked up over the remaining months of 2009 according to the latest report released by RBC Economics. The RBC Affordability measures for Manitoba, which capture the proportion of pre-tax household income needed to service the costs of [...]
Share According to the latest housing report released by RBC Economics shows that the rebound in Saskatchewan’s housing resale market has slowed down since 2009, which has in turn limited price increases and improved affordability in the province in the 4th quarter of 2009. RBC Housing Affordability measure captures the proportion of pre-tax household income [...]
Share Canadian existing homes sales were down by 1.5% in February, despite prices continuing to increase, according to figures released by the Canadian Real Estate Association (CREA). Sales of homes nationally were a seasonally adjusted 42,799 edging down from January, according to CREA. Despite having sales up in Ontario by 3.3%, they were significantly down [...]
Share According to the latest RBC Economics report, housing affordability improved in Alberta in the fourth quarter of 2009 throughout the slower economic recovery, compared to other regions across the country. Robert Hogue, senior economist at RBC noted that the downturn in the housing market has created large surplus homes available for sale. This has [...]
Share Homeownership costs have increased slightly in Canada across all housing segments in the closing months of 2009, according to the latest housing report released today by RBC Economics. RBC Housing Affordability measure captures the proportion of pre-tax household income that is needed to service the costs of owning a home. In the 4th month [...]
Share Homeownership costs have increased slightly in Canada across all housing segments in the closing months of 2009, according to the latest housing report released today by RBC Economics. It can be expected that real estate markets in British Columbia and Ontario should see a further boost in demand prior to the introduction of the [...]
Share According to the Canadian Real Estate Association’s (CREA) forecast, 2010 and 2011 look like they will be good years for the housing market. Resale activity will rise 13% in 2010, to hit the record-breaking number of 527,300 units moved. They predict that the first half of the year will see the most strength, due [...]
