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]
Buying a home in Canada is less affordable than any time since 1990: RBC Economics
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]
Housing affordability relief still elusive in Canada in the second quarter as ownership costs continued to rise in Toronto: RBC Economics
Policy actions had not yet curbed Toronto’s escalating prices in the second quarter of 2017, further straining Canada’s housing affordability Ownership costs in Vancouver on the rise again after back-to-back declines Overall, Canadian housing affordability eroded for an 8th consecutive quarter to reach worst level since 1990 TORONTO, Sept. 29, 2017 /CNW/ – Becoming a… [Read More]
No relief for home owners as Canadian housing affordability continues to slip: RBC Economics
Home ownership in Canada remains affordable … for buyers outside Vancouver or Toronto: RBC Economics Q4 2015
It has never been so unaffordable to own a single-detached home in the Vancouver area Toronto is seeing rapid deterioration in affordability, particularly for single-detached homes Affordability in the majority of other Canadian markets is improved or stable TORONTO, Feb. 29, 2016 /CNW/ – Housing affordability generally remained stable across Canada in the fourth quarter… [Read More]