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Canada: House prices remain relatively affordable to previous years: RBC

Posted on 25 August 2011

House prices may be up nationally, but affordability of the housing market hasn’t changed much yet in Canada this year, according to a new Royal Bank of Canada report.
Housing affordability declined in the second quarter of this year due to rising home prices and slightly higher mortgage rates, but it was not enough to slow any markets. That’s because housing still remains generally affordable in Canada, said the RBC……………………………………….Full Article: Source


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