Improved Housing Affordability Won't Last, Says RBC
Filed under: Loans, Real Estate, Real Estate
The steady decline in mortgage rates combined with slow house price appreciation has made the past few months some of the most affordable in recent years to buy a home in Canada. In fact, a report by the Royal Bank of Canada shows that housing affordability improved for a second straight quarter at the end of 2010.However, as the Canadian economy continues to improve, the experts say that these attractive buying conditions will not last.

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The Canadian housing market continues to buck the trend. When the economy was in the midst of recession, home sales astounded economists by soaring. But now as we leave winter behind and enter the usually active spring period, home sales have been slowing. Despite this, house prices continue to rise, although the signs point to slower growth in the coming months.
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