Share Alberta has had a long string of improvements in housing affordability which ended in the third quarter as homeownership cost deteriorated for the first time since the winter of 207 according to the latest housing report released on November 25th, 2009 by RBC Economics. The RBC Affordability measure for Alberta captures the proportion of [...]
Share 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 [...]
Share There have been moderate changes in Manitoba’s housing affordability over the second quarter. It suggests that it is at a turning point, according to the latest housing report which was released on September 9th by RBC Economics. Senior Economist at RBC, Robert Hogue noted that the resale activity ramped up in the spring and [...]
Share On September 9th, RBC Economics released its latest housing report which revealed that Housing Affordability has improved considerably in Saskatchewan since early last year as the RBC Affordability measures improve once more in the 2nd quarter between 0.4% – 1.4%. Affordability measures retreated since their peak in early last year, as a result, homebuyers [...]
Share The rally seen in British Columbia’s (B.C.) resale housing market this spring and summer reflects the significant decline in the costs of owning a home in B.C., according to the latest housing report released by RBC Economics on Sept. 9th. There have been cumulative declines in homeownership costs over the past 5 quarters have [...]
