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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

Annual RBC Home Ownership Poll* reveals 32 per cent of Canadians are likely to buy a home in the next two years, up seven percentage points over last year More millennials are intending to become homeowners as employment anxiety eases Home owners spent five weeks searching online for their current home One in five Canadians… [Read More]

Vancouver affordability measure reaches worst-ever level for any market in Canada in the third quarter of 2017 Historically-stretched affordability also recorded in Toronto and Victoria Tensions may be rising for buyers in Ottawa and Montreal The likelihood of interest rate increases in 2018 threatens to boost home ownership costs further across Canada TORONTO, Dec. 21,… [Read More]