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 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. 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 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 [...]
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 Home affordability in Quebec improved in the second quarter, which helped the housing market get on the right path in the province, according to the latest housing report released by RBC Economics on September 9th. The affordability has opened the doors to buyers, with sales of existing homes in Quebec rebounding strongly. Sales of [...]
