Share 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 [...]
Share 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 [...]
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 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 [...]
Share Manitoba’s housing market remains relatively affordable despite a rise in homeownership costs for the first time since 2008, according to the latest quarterly housing report released on November 25th, 2009 by RBC Economics. The report by RBC Economics noted that the expected resurgence in Manitoba’s economy, along with an upswing in job growth should [...]
Share 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 [...]
