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Finance Minister Jim Flaherty is tightening mortgage rules in order to crack down on speculators and discourage homeowners from taking on too much debt.
This is the attempt made to responding on the growing concerns that Canada’s housing market is getting too hot, although he stresses that there is no such bubble in Canada’s real estate [...]
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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 [...]
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With the Bank of Canada making its decision tomorrow, there is one thing that you can all be certain about, the overnight target rate will not change, and there will not be any drastic changes to mortgage rates.
The Bank of Canada is expected to keep the historically low rate of 0.25% until the July, in [...]
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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 [...]
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Pushed by a stronger housing resale activity, the cost of owning a home in Saskatchewan became slightly more expensive in the third quarter, according to the latest housing report released on November 25th, 2009 by RBC Economics Research.
Robert Hogue, senior economist at RBC noted that with steady and substantial improvements over the past year, housing [...]
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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 [...]
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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 existing homes [...]
