Posts Tagged ‘RBC’
Posted by Norm Fisher on November 28, 2011
RBC’s third quarter Housing Trends and Affordability study showed “modest improvements” in housing affordability for Canadians as global financial markets continued to face uncertainty and interest rates crept lower. The following is an excerpt from the report on Saskatchewan: Although RBC’s affordability measures for Saskatchewan continue to be above their long-term averages, widespread improvement was [...]
Posted by Norm Fisher on November 29, 2010
RBC Economics released its Housing Trends and Affordability study this morning and reported improved affordability in all areas of the country. Here’s what they had to say about Saskatchewan, which saw “significant improvement,” albeit slightly less so than the national average. Spurred in part by a decline in homeownership costs, Saskatchewan home buyers resumed house [...]
Posted by Norm Fisher on September 27, 2010
Canadians from coast to coast saw a higher percentage of their income going towards housing costs in the second quarter of 2010, largely driven by an increase in house prices and mortgage interest rates when compared against the first quarter. This marks the fourth consecutive time that RBC’s “Housing Affordability Measure” rose. According to the [...]
Posted by Norm Fisher on May 25, 2010
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 [...]
Posted by Norm Fisher on March 18, 2010
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 [...]
Posted by Norm Fisher on November 25, 2009
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 [...]
Posted by Norm Fisher on September 9, 2009
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 [...]
Posted by Norm Fisher on July 8, 2009
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 [...]
Posted by Norm Fisher on April 25, 2009
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 [...]
Posted by Norm Fisher on December 9, 2008
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. [...]
Posted by Norm Fisher on June 14, 2008
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 [...]
