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RBC Poll: Home Buying Intentions Gaining Momentum

Mar 10, 2010 12:49 -

A recent Royal Bank of Canada (RBC) poll showed that homebuying momentum in Canada continues to gain momentum with the portion of Canadians who are likely to purchase a home within the next two years rising to 10%.
This data is according to the 17th Annual RBC Homeownership Study; it shows that younger Canadians, aged 18-24 [...]

Lending Cost Going up in Late 2010

Dec 15, 2009 7:55 -

The Royal Bank of Canada (RBC) expects that Canadians being hit by higher interest rates in the second half of 2010 and in 2011.
RBC economists note that the Bank of Canada will be among the group of central banks to more off floor low rate with the Canadian bank’s overnight rate finishing 2010 at 1.25%.
RBC [...]

RBC Economics: Affordability Lowers in Quebec

Nov 27, 2009 10:00 -

Quebec’s homeownership costs were pushed upward for the first time in more than a year during the third quarter of 2009 due to an invigorated housing market noted the latest quarterly housing report released on November 25th, 2009 by RBC Economics.
The RBC Affordability measure for Quebec captures the proportion of pre-tax household income needed to [...]

RBC: Canadian Homeownership Becomes more Expensive

Nov 25, 2009 9:27 -

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 [...]

Are You Considering Five Years Fixed Rates Too Good to Be True?!

Jun 11, 2009 17:36 -

While browsing online through some lenders or mortgage brokerage websites, you stumble upon something that almost sounds too good to be true – extremely low interest rates. You check once, twice – everything sounds legit, can this be right?
Lenders are only able to offer very low mortgage rates  when they can arrange it as a “guaranteed investment” for [...]

 

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