| 09.07.2009 - Canada: Improved affordability helps spur housing market, says RBC Economics |
| From The Canadian Press: Softening home prices drew Canadians back into the housing market in a big way in the first quarter, according to a Royal Bank report. RBC Economics says home affordability recorded some of the biggest quarterly improvements on record in the first quarter. Senior economist Robert Hogue says with market turmoil decreasing and credit flows increasing, resale activity has "rallied impressively.".......Full Article: Source |