Housing affordability in Canada deteriorated for the third consecutive quarter and is likely to erode further over the next 12 to 18 months, despite changes in conditions which point to more balanced real estate markets, according to the RBC Housing Trends and Affordability study released today. Anticipated interest rate hikes are expected to increase the [...]
The final quarter of 2009 saw softer sales and growing inventory “put a damper” on rising house prices in Saskatchewan, according to RBC’s March 2010 Housing Trends and Affordability Study. While housing affordability “eroded mildly” on a national level, Saskatchewan showed “substantial improvement.”
The big bounce in resale activity that took place during the spring and [...]
From RBC’s November 2009 Housing Trends and Affordability Study
The string of significant improvements in housing affordability in Canada finally came to an end in the third quarter. RBC’s affordability measures rose at the national level for the first time in six quarters for all housing types.
All provinces and major metro markets shared in the deterioration [...]
RBC Economics just released their fall Housing Trends and Affordability study that shows house prices having returned to “pre-boom” levels nationally with Saskatchewan showing considerable affordability improvements, but remaining above long-term historical averages. At the same time, the graph on page eight of the report suggests that affordability improvements may level off as Saskatoon seems [...]
RBC Economics has just released their latest Housing Trends and Affordability report for the Canadian real estate market. Here are some excerpts that touch on affordability changes nationally, and in Saskatchewan.
Improved affordability lifts Canada’s housing markets
Housing affordability greatly improved in the first quarter of this year; RBC’s affordability measures for all housing types recorded some [...]
Here are a few of the highlights from RBC’s recent Housing Trends and Affordability study released yesterday.
As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs on [...]
RBC’s recently released “Housing Trends and Affordability” study suggests that housing affordability in the province saw some modest improvements over the third quarter but the Saskatchewan housing market is experiencing a “hangover” after a year of partying hard.
“Like Alberta and British Columbia before it, Saskatchewan is about to feel the downside of frenzied markets. Housing [...]
Historically high commodity prices will push Saskatchewan to a leading growth position amongst Canadian provinces this year, according to RBC economist Paul Ferley.
Speaking to a group of RBC clients in Saskatoon on Friday, Ferley noted that a “wide range of commodities” are experiencing higher prices. He’s predicting that uranium, potash, wheat and oil production [...]
In the latest “Canadian City Trends” report, released last week by RBC Economics, economist Amy Goldbloom makes the case for a “cooling” but fairly stable Canadian real estate market. Following six years of double-digit gains, sales activity is starting to moderate and listings are growing in most major cities causing sellers to “lose some bargaining [...]
“Saskatchewan is the new Alberta…,” according to RBC’s quarterly Housing Affordability report released yesterday. The catchy subtitle goes on to ask the question, “but for how long?”
“Saskatchewan now holds the top spot on growth across all key housing indicators including housing starts, house prices, residential building permits, and re-sale activity… The major erosion of affordability [...]
Housing affordability is expected to improve in most Canadian provinces in 2008, but Saskatchewan is not among them according to the most recent Housing Affordability study just released by RBC Economics.
Following a year of record deterioration in housing affordability, the possibility of declining interest rates is the only hope which could move Saskatchewan into [...]
