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24 May 2011
Housing Affordability Eroding: RBC
The Canadian Press May 20, 2011 Home ownership became less affordable during the first quarter, especially in Vancouver where it took nearly three-quarters of family income to pay for mortgages, property taxes and utilities, according to an RBC Economics Read More...
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08 April 2011
Housing Hold'em: RBC Annual Study
46 per cent of younger homeowners say mortgage costs eat up too much income TORONTO, APRIL 7, 2011— Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national Read More...
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10 September 2010
Fears of Canadian Housing Market Crash Overblown
September 3, 2010 Robert Hogue - Royal Bank of Canada Senior Economist Summary The sharp decline in housing resale activity since the beginning of the year has ignited fears that the Canadian market has started to crash. In large part, such concerns are Read More...
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14 March 2009
RBC study finds homebuying intentions still strong
TORONTO, March 4, 2009 - Opportunity awaits; two-in-three Canadians think it's a buyer's market According to the 16th Annual RBC Homeownership Survey, 65 per cent of Canadians think it's a buyers market right now and more than a quarter of Read More...
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26 November 2008
Mortgage rates chopped by 2 Canadian banks
Two Canadian banks did their bit to unclog the country's constricted housing market Wednesday by cutting mortgage rates. The Royal Bank of Canada and the Bank of Montreal both chopped borrowing costs for people seeking to buy a home. RBC cut its mortgage Read More...
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14 March 2008
Home affordability at worst point since 1990: RBC
Housing affordability in Canada ended last year at its lowest level since 1990, Royal Bank said Friday. In its quarterly outlook on the cost of owning a home, the bank said affordability eroded in every quarter of 2007 as house prices rose on the strength Read More...
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