Home / affordability
Buying Tips
Mar 10, 2010 12:36 - 0 Comments
When purchasing a home, you can find yourself in one of the most stressful periods of your life.
To help ease the stress of purchasing a home, I have a few tips you may want to consider following.
1. Lock in Mortgage Rate
When you apply for a mortgage, you will be able to lock in the rate. This [...]
Economic Growth Strong in Cities in 2010
Jan 27, 2010 18:06 - 0 Comments
Yesterday, I noted that Vancouver is the most unaffordable of Canadian cities, according to the Frontier Centre for Public Policy. However, I also pointed out that this is likely due to its economic vitality.
As if to add support for my point, the Conference Board of Canada’s Metropolitan Outlook for Winter 2010 came out today. [...]
How Affordable is Your Market?
Jan 26, 2010 14:45 - 1 Comment
The Frontier Centre for Public Policy released some interesting statistics about Canada’s housing market yesterday.
According to their data, Vancouver is the most unaffordable market for homes in Canada, and it also more unaffordable than every other market in the English-speaking world. It ranked even higher than New York and London.
The group determines affordability by dividing [...]
Affordabiltiy Increases, Now What?
Dec 1, 2009 8:23 - 0 Comments
In the latest report by RBC Economics Research, we found that affordability had increased across the country.
For the province of Alberta, this is no exception.
Affordability has increased, however you can take one positive fact from all of this, and that is the reason for affordability to have increased is due to the increased activity in [...]
RBC Economics: Atlantic Canada Ranks Among the Most Affordable
Nov 27, 2009 11:53 - 0 Comments
Atlantic Canada continues to have the most affordable housing markets in Canada, after experiencing relatively modest increases in homeownership costs during the 3rd quarter noted the latest quarterly housing report released on November 25th, 2009 by RBC Economics.
The RBC Affordability measure for Atlantic Canada captures the proportion of pre-tax household income needed to service the [...]
RBC: Canadian Homeownership Becomes more Expensive
Nov 25, 2009 9:27 - 0 Comments
The cost of homeownership in Canada has become more expensive in the third quarter according to a report by RBC Economics Research.
Royal Bank of Canada (RBC) noted that this has not happened since the spring of 2008, and that was due to a slight rise in mortgage rates and higher property values.
The RBC index measures [...]
Scotia Economics: Global Housing Recovery is Underway
Oct 2, 2009 9:14 - 0 Comments
Global real estate markets are showing tentative signs of growth in stabilizing according to the Global Real Estate Trends report, released on October 1st by Scotia Economics.
Scotia Economics believe that the improving sentiment in global residential real estate markets is sustainable. According to the report, the firming of prices is evidence of growing confidence in [...]
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