Quebecers least likely to worry about buying or affording a home over the next year 35% expect to pay less for a home now than they would have a year ago TORONTO, April 11, 2023 /CNW/ – Quebecers are less worried about the costs of home ownership and are least likely to compromise their lifestyle or… [Read More]
Both uncertainty and optimism driving Canadians’ home buying decisions: RBC Poll
40% expect to pay less for a home now than they would have a year ago One-in-five don’t know whether now is a great time to buy a new home TORONTO, April 11, 2023 /CNW/ – While cracks are beginning to show in Canadians’ confidence in the housing market and some may be changing their… [Read More]
Home-buying intentions go back to pre-pandemic levels: RBC Poll
59% say location is more important than size as we return to normal 22% of mortgage holders haven’t considered what they could afford if interest rates rise Average national home buying budget rises by more than $50,000 year-over-year TORONTO, March 21, 2022 /CNW/ – Home-buying attitudes are shifting as Canadians get into the post-pandemic mindset…. [Read More]
RBC Canadian Core Real Estate Fund Adds 12 New Assets to its Portfolio
TORONTO, Sept. 8, 2021 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced that RBC Canadian Core Real Estate Fund (the “Fund”) has entered into an agreement to purchase a 50% interest in a portfolio of real estate assets valued in excess of $1 billion from its partner, British Columbia Investment Management… [Read More]
Despite a sellers’ market, more Quebecers are looking to buy a home in the next two years: RBC Poll
36% of Quebecers likely to buy in the next two years, highest nationally Even with high home-buying intentions, 27% of non-homeowners say they will never own a home 43% of all Quebecers believe most people will be priced out of the housing market in the next decade TORONTO, April 12, 2021 /CNW/ – Planning to… [Read More]
Are Canadians dreaming of owning a home? It’s complicated: RBC Poll
36% of non-homeowners under 40 have given up on the dream of owning a home 62% of Canadians say most people will be priced out of the housing market in the next decade 60% of Canadians likely to buy in the next two years are saving $789/month on average TORONTO, April 12, 2021 /CNW/ – Planning… [Read More]
RBC Royal Bank changes residential mortgage special rates
TORONTO, Dec. 12, 2019 /CNW/ – RBC Royal Bank announced today that it is increasing rates on new residential mortgage special offers effective December 17, 2019. The changes are as follows: Special Offer Rates* Three-year fixed closed 3.24 per cent (increased by 0.10 per cent) Four-year fixed closed 3.24 per cent (increased by 0.20 per cent)… [Read More]
RBC Canadian Core Real Estate Fund raises $1.25 billion in first equity tranche, exceeding subscription targets
Unique real estate fund is the result of a $7.5 billion collaboration with BCI and QuadReal TORONTO, Nov. 1, 2019 /CNW/ – RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the first closing of the RBC Canadian Core Real Estate Fund (the Fund), which attracted more than $1.25 billion in equity commitments from… [Read More]
Canadian housing affordability improves even as Toronto, Vancouver remain an “impossible obstacle” for most buyers: RBC Economics
RBC’s housing affordability measure improves for the second-straight quarter in Q1 2019 The improvement was widespread across the country as prices declined in the West and parts of Atlantic Canada Severe affordability issues remain an “impossible obstacle” for most living in Toronto, Vancouver and Victoria TORONTO, June 27, 2019 /CNW/ – Housing affordability has improved… [Read More]
Soft housing market in Canada provides affordability relief: RBC Economics
A decline in property values helped improve RBC’s affordability measure for Canada for the first time in more than three years in Q4/2018 The improvement was widespread across the country Owning a home in Vancouver, Toronto and Victoria is still way out of reach for many buyers TORONTO, March 28, 2019 /CNW/ – After three… [Read More]
Little relief in sight for Canadian housing affordability in 2019: RBC Economics
Bank of Canada interest rate hikes will continue to apply upward pressure on ownership costs in 2019 RBC’s affordability measure in the third quarter reached its worst level in Canada since 1990 Affordability at crisis levels in Vancouver and Toronto, but eroded most in Montreal during Q3 TORONTO, Dec. 21, 2018 /CNW/ – The coming… [Read More]
Toronto sees short-term affordability relief for homebuyers: RBC Economics
RBC’s housing affordability measure for Canada improves for the first time in more than two years in the fourth quarter of 2017 An easing in Toronto’s detached home prices provided most of the relief Vancouver-area buyers faced the most significant deterioration in RBC’s aggregate affordability measure TORONTO, April 5, 2018 /CNW/ – Housing affordability improved… [Read More]