25.08.2011 - Canada: House prices remain relatively affordable to previous years: RBC
House prices may be up nationally, but affordability of the housing market hasnít 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. Thatís because housing still remains generally affordable in Canada, said the RBC..............................................Full Article: Source
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