A Look at Housing Affordability

EditorFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Housing Costs, Mortgage Down Payment, Mortgage News, Mortgage Types

How affordable are homes on the Canadian housing market? This is the question at the top of every mortgage broker and home hunter’s mind. As mortgage rates begin to climb and home prices creep ever higher, industry leaders are keeping a close eye on affordability in an attempt to avoid a bubble. It’s no secret that more and more houses … Read More

Home Ownership Becoming More Affordable, Reports Show

EditorFinancial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage News, Residential Mortgages

Housing affordability appears to be improving in Canada, according to RBC’s quarterly numbers released on Wednesday. RBC’s chief economist, Craig Wright, believes that continued low interest rates this year will help keep housing prices and costs reasonable in the near term. RBC’s report also showed that the financial burden of owning a home declined for the second straight quarter in … Read More