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 Homeowners in Saskatchewan and Manitoba are planning to spend on home renovations despite of the slowing economy according to a recent Royal Bank of Canada (RBC) survey. The RBC survey found that 73% of Saskatchewan and Manitoba plan to make renovations on their home within the next two years. The report goes on to [...]
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 [...]
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 Homeownership costs in Alberta have dropped, reaching levels which were not seen since 3 years ago. This has further boosted the resale market according to the latest second quarter housing affordability report which was released by RBC Economics on September 9th. This is the largest cumulative drop in the history of RBC Affordability measures [...]
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 [...]
